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Cooper in deal in Federal-Mogul asbestos case

NEW YORK, Dec 16 (Reuters) - Cooper Industries Inc. , a tools and hardware maker, on Friday said it reached an agreement with other parties regarding its participation in the Federal-Mogul Corp. asbestos claimants trust.

The agreement, which is subject to court approval, will be disclosed early Monday, Dec. 19, said Houston-based Cooper. It said it will hold a conference call to discuss it.