Why Eaton’s Aerospace Deal Is a Good Move
Global industrial giant Eaton Corporation (NYSE: ETN) has finally completed the integration of Cooper Industries, its largest deal ever. And with that process behind it, the company has started to rework its portfolio again -- the biggest move to date is its plan to spin off its lighting business.
But it just announced a billion dollar acquisition in the aerospace sector. Eaton is picky about what it buys; here's why it decided to do this aerospace deal.
During Eaton's second-quarter conference call, CEO Craig Arnold was asked about the acquisition environment. He explained:
Quelle Fool.com
