Deal announced Jan 2008 Verified
Ingersoll-Rand to Acquire Trane Inc.
Ingersoll-Rand Company Limited is proposing a merger transaction to acquire Trane Inc. The deal involves Indian Merger Sub, Inc. and is subject to Trane stockholder approval and SEC registration. The transaction is expected to generate $300 million in annual pre-tax run-rate savings by 2010.
“This communication is being made in respect of the proposed merger transaction involving IR, Trane and Indian Merger Sub, Inc.”
Entities
Indian Merger Sub, Inc. · Acquirer Ingersoll-Rand Company Limited · Acquirer Trane Inc. · Target
HVAC Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.