Platform creation Announced Apr 2019 · Closed Nov 2019 Verified
Ingersoll Rand to Spin Off Industrial Segment and Merge with Gardner Denver in Reverse Morris Trust
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Summary
Ingersoll Rand plc announced a definitive agreement to separate its Industrial segment and merge it with Gardner Denver Holdings, Inc. in a Reverse Morris Trust transaction. The deal will result in Ingersoll Rand shareholders owning approximately 50.1% and Gardner Denver shareholders owning approximately 49.9% of the combined company, which will be renamed Ingersoll Rand, Inc.