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Eaton Corporation, 7 7/8% Debenture bond certificate, $ 1.000,=

Eaton Corporation: Information on the LastDodo site about Eaton Corporation, 7 7/8% Debenture bond certificate, $ 1.000,=, .
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LastDodo number: 1596601
Category: Securities and bonds
Title: Eaton Corporation, 7 7/8% Debenture bond certificate, $ 1.000,=
Issuing company: Eaton Corporation
Type: Certificate of debenture
Face value: 1.000,00 US Dollar
Interest rate: 7.9
Branche: Industry, Metalworking
Country of publication: United States
State, town:  
Year of emission:  
Printing office: American Bank Note Company
Number produced:  
Ornamental value: ***
Rarity: 0
Dimensions: 20,5 x 30,5 cm
Details:
This text has been translated automatically from Dutch. Would you like to see an automatic translation?
Handtekeningen facsimile.
Stuk op naam.
Ontwaarding door perforatie en/of stempeling.

CUSIP 278058 AC 6

In 1911, Joseph O.Eaton and Viggo V. Torbensen formed the Torbensen Gear and Axle Company - later to become Eaton Corporation. They built all of seven truck axles – by hand – in that first year. By 1917, they were the world’s largest builders of rear axles for trucks in the world.

The Fuller Manufacturing Company traces its beginnings to the Michigan Automobile Company, founded in Kalamazoo, Michigan by Frank and Charlie Fuller in 1902. By 1923, Fuller and Sons Manufacturing Company was making only transmissions for the rapidly growing commercial truck industry. In the early 1950’s the Fuller Roadranger transmission revolutionized the trucking industry, and provided Fuller with market leadership that the product line continues to enjoy today.

Many commercial trucks of the 1920s, 30’s and 40’s and 50’s came equipped with Fuller transmissions and Eaton axles. So many, in fact, that Eaton Corporation saw the opportunity for increased synergy by acquiring Fuller, and did so in 1958. The marriage of industry-leading transmissions and axles was immediately successful, and continues today – beyond the divestiture of Eaton’s axle and brake business to Dana Corporation.

In late 1997, Eaton Corporation and Dana Corporation agreed on an historic deal: Eaton would sell its axle and brake business to Dana, and Dana would sell its clutch business to Eaton. Then, the two former competitors came together in a marketing agreement whereby a complete commercial vehicle drivetrain of components produced by both companies would be marketed by Eaton’s sales and marketing force – providing truck makers and fleets around the world with a complete drivetrain system – The Roadranger System.
Submission date: 04-01-2011 10:31:23
Submitted by: sjaak301
Last updated on: 23-09-2013 13:33:04
Last updated by: sjaak301
LastDodo Catalogue value
Uncirculated: € 10.00
Extra Fine: € 5.00
Very Fine: € 3.00
Fine: € 2.00
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