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Divestiture Oct 2013 · Ireland Verified

Ingersoll-Rand to Distribute Shares of Allegion plc

Ingersoll-Rand plc announced it received a private letter ruling from the U.S. Internal Revenue Service, satisfying a condition for the distribution of shares of Allegion plc. The company remains on track to complete the distribution in the 4th quarter of 2013.

“Ingersoll-Rand plc (the "Company") has received a private letter ruling from the U.S. Internal Revenue Service satisfying one of the conditions for the distribution of the shares of Allegion plc. The Company remains on track to complete the distribution in the 4th quarter of 2013.”

Entities

Ingersoll Rand · Parent Allegion plc · Subsidiary
Other 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.