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Published on 2/24/2012 in the Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Eaton files automatic shelf covering debt securities, preferreds

By Angela McDaniels

Tacoma, Wash., Feb. 24 - Eaton Corp. registered to sell an undetermined amount of securities in an S-3 ASR filing with the Securities and Exchange Commission.

Covered by the shelf are senior debt securities, preferred shares, common shares, warrants and units.

The debt securities and preferreds may be structured as convertibles.

Proceeds will be used for general corporate purposes, which may include additions to working capital, acquisitions or the retirement of existing debt via repayment, redemption or exchange.

Eaton makes power management products and is based in Cleveland.


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