UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 17, 2007
EATON CORPORATION
(Exact name of registrant as specified in its charter)
| |
|
|
|
|
| Ohio
|
|
1-1396
|
|
34-0196300 |
|
|
|
|
|
|
| (State or other jurisdiction of incorporation)
|
|
(Commission File Number)
|
|
(I.R.S. Employer Identification No.) |
| |
|
|
| Eaton Center |
|
|
| Cleveland, Ohio
|
|
44114 |
|
|
|
|
| (Address of principal executive offices)
|
|
(Zip Code) |
(216) 523-5000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
|
|
|
| Item 1.01 |
|
Entry into a Material Definitive Agreement. |
On June 17, 2007, Eaton Corporation (the “Company”), through its wholly owned subsidiary Eaton
Worldwide LLC, entered into a commitment, subject to the satisfaction of certain conditions, to
acquire the small systems business (the “Small Systems
Business”) of MGE UPS Systems for €425
million. The commitment contains customary provisions for transactions of this size and nature,
including conditions to closing that require various governmental approvals. The transaction is
expected to close in the third quarter of 2007. For the twelve months
ended May 31, 2007, the
Small Systems Business had sales of €163 million. The Small Systems Business is a global
provider of power quality solutions designed to increase the availability and uptime of
mission-critical applications and processes. Its products include uninterruptible power supplies,
power distribution units, static transfer switches, and surge suppressors.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
|
|
|
|
|
|
|
|
|
|
EATON CORPORATION |
|
|
|
|
|
|
|
|
|
Date: June 21, 2007
|
|
|
|
/s/ R. H. Fearon |
|
|
| |
|
|
|
|
|
|
|
|
R. H. Fearon
Executive Vice President -
Chief Financial and Planning Officer |
|
|