Ingersoll Rand to Combine Industrial Segment with Gardner Denver

Ingersoll Rand and Gardner Denver announced a definitive agreement to combine Ingersoll Rand's Industrial segment with Gardner Denver, creating a new global industrial company (IndustrialCo). The transaction is structured as a Reverse Morris Trust, expected to be tax-free to both companies' shareholders, and valued at approximately $15 billion.

“Definitive agreement to combine Ingersoll Rand Industrial segment and Gardner Denver, creating premier Industrial company”

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