Eaton shares fall after $9.5 bln deal to buy Boyd Thermal

Eaton

03/11/2025 12:23

** Shares of electrical equipment maker Eaton ETN.N fall nearly 2% to about $374.80 premarket

** Co to acquire Boyd Corporation's thermal business from Goldman Sachs Asset Management for $9.5 billion

** Deal is set to close in Q2 of 2026

** Boyd Thermal sees sales of $1.7 bln for 2026

** 24 of 33 brokerages rate the stock "buy" or higher and 9 "hold"; their median PT is $405, according to data compiled by LSEG

** As of last close, shares were up 15% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))