Ingersoll-Rand Industrial segment to combine with Gardner Denver

The waiting period under the HSR Act has expired for the proposed combination of the Industrial segment of Ingersoll-Rand plc with Gardner Denver Holdings, Inc. The transaction is expected to close by early 2020, pending other closing conditions including Gardner Denver stockholder approval and other regulatory approvals.

“The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Act”) for the proposed combination of the Industrial segment of Ingersoll-Rand plc (the “Company”) with Gardner Denver Holdings, Inc. (“Gardner Denver”) has expired. Expiration of the HSR Act waiting period satisfies one of the conditions to closing of the transaction. The transaction, which is expected to close by early 2020, remains subject to other closing conditions, including approval by Gardner Denver stockholders, other regulatory approvals and customary closing conditions.”

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.