Divestiture Apr 2019 Verified
Ingersoll Rand to Spin Off Industrial Segment
Ingersoll Rand will separate its Industrial businesses via a spin-off to its shareholders and then combine it with Gardner Denver. The remaining Climate business will become a standalone pure-play company focused on climate control solutions.
“Ingersoll Rand will be separating its world class Industrial businesses by way of a spin-off, to Ingersoll Rand’s shareholders, and then combining it with premier operating company Gardner Denver”
Entities
Other Sentiment: Positive
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.