Deal announced Dec 2007 Verified
Transaction Details for Ingersoll Rand Acquisition of Trane
The acquisition is valued at $10.1 billion. Trane shareholders will receive $36.50 in cash and 0.23 Ingersoll-Rand shares per Trane share. The consideration consists of 74% cash and 26% Ingersoll-Rand stock.
“Transaction valued at $10.1 Billion, including net debt assumed & transaction fees – Cash (74% of consideration): $7.5 billion – Ingersoll-Rand stock (26% of consideration): $2.6 billion”
Entities
Ingersoll-Rand Company Limited · Acquirer Trane Inc. · Target
HVAC Sentiment: Neutral
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