Ingersoll Rand to Acquire Trane Inc.

Ingersoll-Rand Company Limited announced a proposed merger transaction to acquire Trane Inc. The deal is valued at $10.1 billion, including net debt assumed and transaction fees. The transaction is expected to close in late Q1 or early Q2 2008.

“This communication is being made in respect of the proposed merger transaction involving IR, Trane and Indian Merger Sub, Inc.”

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