Ingersoll-Rand (IR) is nearing an agreement with Nelson Peltz that will prevent a breakup of the...

|About: Ingersoll-Rand plc (IR)|By:, SA News Editor

Ingersoll-Rand (IR) is nearing an agreement with Nelson Peltz that will prevent a breakup of the firm. The details of the plan were not disclosed, but people familiar with the situation said Ingersoll-Rand would likely divest some smaller assets and continue to cut costs.