Ingersoll Rand to Acquire Trane

Trane announced an agreement to be acquired by Ingersoll Rand for $36.50 in cash and 0.23 Ingersoll Rand shares per Trane share, with the sale expected to close in the second quarter of 2008.

“In December, we announced an agreement to be acquired by Ingersoll Rand for $36.50 in cash and .23 Ingersoll Rand shares of common stock for each Trane share.”

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