In Plain English
Eaton Corporation plc is splitting off Mobility into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This was recently announced.
Mobility will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
Eaton Corporation plc
ETN
Industrials
SpinCo / Target
Mobility
Announced
Jan 21, 2026
Jan 21, 26
Expected
Q1 2027
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
Eaton Corporation to spin off its Mobility business segment.
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2026-01-21
COMPLETEDForm 10 Filed
UPCOMINGIRS Tax Ruling
UPCOMINGShareholder Approval
UPCOMINGRecord Date
Q1 2027
UPCOMINGDistribution / Completion
Q1 2027
UPCOMINGDeal Announced
COMPLETEDInitial public announcement of the transaction.
2026-01-21
Form 10 Filed
UPCOMINGRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
UPCOMINGPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
UPCOMINGBoard and/or shareholder vote to approve the separation.
Record Date
UPCOMINGRecord date for distribution of new shares.
Est: Q1 2027
Distribution / Completion
UPCOMINGShares of the new entity distributed to shareholders.
Est: Q1 2027