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LastDodo number
1596601
Area
Securities and bonds
Title
Eaton Corporation, 7 7/8% Debenture bond certificate, $ 1.000,=
Issuing company
Face value
1.000,00 US Dollar
Interest rate
7.9
Country of publication
State, town
Year of emission
Number produced
Ornamental value
Rarity
Dimensions
20,5 x 30,5 cm
Details

Signatures facsimile. Piece by name. Depreciation by perforation and / or stamping. 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.

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Submission date
January 04, 2011 10:31
Submitted by
Last updated on
January 04, 2011 10:32

Value of Eaton Corporation, 7 7/8% Debenture bond certificate, $ 1.000,=
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€ 1.75
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Last transaction date September 23, 2013
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