Eaton (ETN) CEO Cutler: We're Not Selling Our Auto Parts Unit
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$1 Billion Not Enough for Eaton's (ETN) Auto Parts Unit, Says Analyst
June 10, 2013 3:31 PM EDTThis morning it was reported that Eaton (NYSE: ETN) is weighing the sale of its auto-parts unit. Press reports say the unit may be valued at 1 billion. However, in the view analyst Andrew Casey of Wells Fargo, the suggested price tag looks too low,... More
Eaton (ETN) Said to Weigh Sale of Auto Parts Unit; Could Draw $1B+
June 10, 2013 11:15 AM EDT(Updated - June 10, 2013 11:34 AM EDT)
Eaton (NYSE: ETN) shares are pulling back following a pop earlier on reports it was mulling the sale of its auto parts business.
According to Bloomberg, Eaton's management has been in discussions to... More
