The Sparks Will Fly
There's no getting around it: Energy is expensive. Companies are always looking for ways to save on their expenses in this regard, and that's why electronic-equipment companies are generally doing well -- as well as why we are seeing acquisitions in this sector.
Last week, Eaton (ETN), a power-management company, announced it would purchase electrical components maker Cooper Industries (CBE) for $11.8 billion. As The Wall Street Journal has pointed out, this is but one of a series of acquisitions in the sector. For instance, ABB (ABB) just completed its purchase of Thomas & Betts. In 2010, Emerson Electric (EMR) bought the U.K.-based Chloride Group....388 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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