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Ingersoll-Rand (IR) reportedly reaches a compromise with activist investor Nelson Peltz and...
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Monday, December 10, 2012, 3:00 AM ETIngersoll-Rand (IR) reportedly reaches a compromise with activist investor Nelson Peltz and agrees to spin off its security-technology business rather than break up into three companies, as Peltz had advocated. Ingersoll-Rand will also repurchase $2B in shares and increase its dividend. The industrial conglomerate could announce the plan today.
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