Ingersoll-Rand (IR) reportedly reaches a compromise with activist investor Nelson Peltz and...

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

Ingersoll-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.