Signify , the Dutch-based lighting company, said on Tuesday it has agreed to buy...
), the Dutch-based lighting company, said on Tuesday it has agreed to buy Cooper Lighting Solutions of the United States from Eaton Corp [EATO.UL] for $1.4 billion in cash.
“The rationale from a strategy standpoint is to get a much stronger market position in North America in professional,” he said in a telephone interview. Signify said the deal would add to earnings per share in the first year, and would lead to cost savings of $60 million annually within three years.
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