Note 2. Acquisitions

Cooper has completed a number of acquisitions that were selected because of their strategic fit with existing Cooper businesses or were new strategic lines that were complementary to Cooper’s operations. In the nine month period ended September 30, 2011, Cooper completed four acquisitions, two in the Energy and Safety Solutions segment (including Gitiesse srl, a manufacturer of marine and oil and gas communications systems specializing in the manufacture of digital integrated multimedia communications systems for vessels worldwide) and two in the Electrical Products Group (including Martek Power, a manufacturer of power electronic components specializing in the manufacture of highly specialized power management devices for the military, heavy-duty transportation, aerospace, medical, telecom and hybrid/electrical vehicle markets), and also acquired certain other intangible assets in the Electrical Products Group. In 2010 Cooper completed five acquisitions, four in the Energy and Safety Solutions segment and one in the Electrical Products Group, and also acquired certain other intangible assets in the Electrical Products Group.

The acquisition date fair value of the total consideration for the 2011 transactions was approximately $263.3 million and resulted in the preliminary recognition of aggregate goodwill of $154.4 million, substantially all of which is not expected to be deductible for tax purposes. The goodwill arising from the 2011 transactions includes $116.4 million related to the Electrical Products Group segment and $38.0 million related to the Energy and Safety Solutions segment. The goodwill arises because the purchase price reflects a number of factors including the future earnings and cash flow potential of these businesses and the complimentary strategic fit and resulting synergies these businesses bring to existing operations. The transactions consummated in 2011 also resulted in the preliminary recognition of $57.0 million in other intangible assets consisting primarily of customer relationships, technology and trademarks. All of the other intangibles are finite-lived intangible assets that are preliminarily expected to be amortized over periods of 3 to 15 years with a weighted average amortization period of approximately 10 years.

The following table summarizes the preliminary aggregate estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the acquisitions consummated during the nine months ended September 30, 2011:


	(in millions)
Receivables	$	30.4
Inventories		33.2
Property, plant and equipment		6.9
Goodwill		154.4
Other intangible assets		57.0
Accounts payable		(18.8	)
Debt		(2.7	)
Other assets and liabilities, net		(10.3	)

Net cash consideration	$	250.1

The unaudited pro forma information for the periods set forth below gives effect to all prior acquisitions as if they had occurred at the beginning of the period. This data is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisitions been consummated as of that time.


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(in millions)
Revenues	$	1,399.7	$	1,287.2	$	4,124.4	$	3,946.2
Income from continuing operations		160.7		144.5		481.7		310.0
Diluted earnings per share from continuing operations	$	.98	$	.87	$	2.89	$	1.84