Cooper Announces Tender Offer for Polaron plc.HOUSTON -- Cooper Industries, Ltd. (NYSE NYSE See: New York Stock Exchange :CBE CBE Commander of the Order of the British Empire (a Brit. title) CBE n abbr (= Companion of (the Order of) the British Empire) → tÃtulo de nobleza CBE n abbr (= ) today announced that its subsidiary, Cooper Controls (U.K.) Limited, made a binding offer for all outstanding shares of Polaron plc, a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (LSE LSE - Language Sensitive Editor :POL) based in the United Kingdom. Polaron is a leading manufacturer of intelligent lighting control solutions predominantly in the non-residential construction market. For the year ended June 30, 2006, Polaron reported consolidated revenues of PS23.7 million. The offer has been unanimously recommended by the Polaron Board of Directors and is currently being reviewed by Polaron's shareholders. About Cooper Industries Cooper Industries, Ltd. is a global manufacturer with 2006 revenues of $5.2 billion, approximately 85 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Menvier, Cooper Power Systems, Cooper Wiring Devices Cooper Wiring Devices is a division of Cooper Industries and provides a wide range of residential, institutional and industrial specification grade electrical devices for consumers and building contractors. External links
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