Ingersoll-Rand Spin-Off of Security Businesses into Allegion plc

Ingersoll-Rand plc announced a spin-off of its commercial and residential security businesses into a separate publicly traded company, Allegion plc. This divestiture allows Ingersoll-Rand to focus on its core businesses, which include HVAC (Trane).

“announcing changes to its segment reporting reflecting a focus on the Company’s core businesses following the previously announced spin-off of the Company’s commercial and residential security businesses into one, stand-alone publicly held company, Allegion plc.”

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