Ingersoll Rand to Spin Off Security Businesses as Allegion plc

Ingersoll-Rand plc is planning to combine and spin off its residential and commercial security businesses into a separate publicly traded company named Allegion plc. This corporate restructuring is disclosed in connection with a temporary trading blackout for employee benefit plans.

“As previously announced, Ingersoll-Rand plc (the “Ingersoll Rand”) is planning to combine and spin-off its residential and commercial security businesses into one, stand-alone publicly held company, Allegion plc.”

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