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Cooper Industries Increases Share Repurchase Authorization

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^{Published in Business and Finance on Monday, February 9th 2009 at 16:24 GMT, Last Modified on 2009-02-09 16:25:06 by Market Wire}  

HOUSTON--([ BUSINESS WIRE ])--Cooper Industries, Ltd. (NYSE:CBE) today announced its Board of Directors has approved an increase to its share repurchase authorization by 10 million shares. In 2008, Cooper repurchased over 14.4 million shares and approximately 3 million shares remain under the current authorization. The new approval brings the total amount of shares authorized for repurchase to approximately 13 million.

About Cooper Industries

Cooper Industries, Ltd. (NYSE: CBE) is a global manufacturer with 2008 revenues of $6.5 billion, approximately 88% of which are from electrical products. Founded in 1833, Cooper's sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has eight operating divisions with leading market share positions and world-class products and brands. Cooper, which has manufacturing facilities in 23 countries as of 2008, is incorporated in Bermuda with administrative headquarters in Houston, TX. For more information, visit the website at [ www.cooperindustries.com ].