Eaton Corporation plc (NYSE:ETN) is in advanced talks to buy Ulusoy Elektrik Imalat Taahhüt ve Ticaret A.S. (IBSE:ULUSE) for around $300 million, two sources with knowledge of the deal told Reuters on November 28, 2018. The transaction would see Eaton acquire more than 80% of Ulusoy Elektrik from members of the founding Ulusoy family, and launch a tender offer to minority shareholders for the remaining stake, the sources said. A representative for Eaton declined to comment, as did a representative for Ulusoy.

The deal is expected to be signed in the coming days and follows several months of negotiations, the sources said.