Date: December 6, 2006
Eaton Voluntarily Withdraws Common Shares Listing From NYSE Arca, Inc.
CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today that it plans to voluntarily withdraw its common shares from listing on NYSE Arca, Inc., formerly named the Pacific Exchange. Eaton’s shares will continue to be listed on the New York Stock Exchange and the Chicago Stock Exchange.
This decision was made to eliminate duplicative administrative requirements inherent in dual listings as a result of the NYSE Group’s recent merger with Archipelago Holdings, the parent company of NYSE Arca. NYSE Arca will continue trading Eaton shares on an unlisted basis.
Eaton Corporation is a diversified industrial manufacturer with 2005 sales of $11.1 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drive train systems for safety and fuel economy; and automotive engine air management systems, power train solutions and specialty controls for performance, fuel economy and safety. Eaton has 60,000 employees and sells products to customers in more than 125 countries.
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