Home » Cooper Industries Makes Offer for MTL Instruments
Cooper Industries Makes Offer for MTL Instruments
December 21, 2007
Cooper Industries, Ltd., Houston, TX, announced that its subsidiary, Cooper Controls (UK) Ltd., made an offer for MTL Instruments Group plc, a publicly traded company based in the United Kingdom.   ; MTL is a supplier of electronic instrumentation and protection equipment, the majority of which is used in hazardous environments such as the petrochemical, chemicals, and oil and gas production industries. In 2006, MTL had revenues of & pound; 85.3 million and net income of & pound; 5.5 million.   ; The offer has been unanimously recommended by both the Cooper and MTL Board of Directors and is currently being reviewed by MTL's shareholders.   ; Cooper Industries is a global manufacturer with 2006 revenues of $5.2 billion, 85% of which are from electrical products.