Deal announced Dec 2019 Verified
Gardner Denver and Ingersoll Rand Industrial Reverse Morris Trust Transaction
Gardner Denver Holdings, Inc. and Ingersoll Rand are proceeding with a Reverse Morris Trust transaction to combine Gardner Denver with the Industrial segment of Ingersoll Rand, forming 'New Ingersoll Rand'. The communication details the leadership and organizational structure effective upon closing.
“On December 12, 2019, Gardner Denver Holdings, Inc. ("Gardner Denver") sent the following communication to Industrial employees of Ingersoll-Rand that will transition to Gardner Denver upon and subject to the closing of the Reverse Morris Trust Transaction previously announced.”
Entities
Ingersoll Rand · Target Gardner Denver Holdings, Inc. · Acquirer
Other Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.