Ingersoll Rand to Acquire Trane for $10.1 Billion

Ingersoll Rand announced the acquisition of Trane Inc., a global leader in indoor climate control systems, in a transaction valued at approximately $10.1 billion including net debt assumed. The deal will be financed through cash on hand, issuance of new shares, and approximately $3.8 billion in new debt, with closing anticipated in late Q1 or early Q2 2008.

“Today, we announced the acquisition of Trane, a global leader in indoor climate control systems, services and solutions.”

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