Eaton Plans Tender Offer For Chinese Electrical Company

Eaton Corp., Cleveland, plans to make a tender offer for the outstanding shares of Chinese electrical company Senyuan International Holdings Ltd. in a transaction that could be valued at up to $63.6 million.

Senyuan and its units make vacuum circuit breakers and electrical switchgear components. The company had $47 million in sales for 2005.

“The acquisition of Senyuan will strengthen our medium-voltage electrical business by providing us with local channel access to the fast-growing China market and to an important manufacturing base for medium-voltage electrical products,” said Randy W. Carson, Eaton senior vice president and president - Electrical Group.