What Does Eaton (ETN) Need To Prove In Its Portfolio Overhaul?

Eaton (NYSE:ETN) announced a major portfolio reshaping that includes acquiring Boyd Thermal and separating its Mobility business. The Mobility segment is planned to be carved out and merged with Dana Incorporated, creating a new combined vehicle systems entity. Eaton shareholders are expected to retain a controlling ownership stake in the merged Mobility and Dana business after completion. The Boyd Thermal deal and the Mobility merger with Dana shift Eaton toward electrical and aerospace...