Ingersoll-Rand Plans Spin-Off of Security Businesses

Ingersoll-Rand plc announced its plan to spin-off its commercial and residential security businesses. In connection with this planned transaction, the company adopted a severance plan and amended equity awards to retain executive leadership during the transition.

“On December 10, 2012, the Company announced its plan to spin-off its commercial and residential security businesses (the “Transaction”).”

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