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Ingersoll-Rand plc (IR)

  • Fri, Jan. 2, 9:07 AM
    | Fri, Jan. 2, 9:07 AM | Comment!
  • Dec. 9, 2014, 7:45 AM
    • Ingersoll-Rand (NYSE:IR) has entered into an agreement to acquire Frigoblock, a manufacturer of transport refrigeration units in Europe, for €100M.
    • The acquisition is expected to be accretive to EPS, EBITDA margins and ROIC in its first full year of operation and is estimated to close in the first half of 2015.
    | Dec. 9, 2014, 7:45 AM | Comment!
  • Aug. 18, 2014, 6:55 AM
    • Ingersoll-Rand (NYSE:IR) says it will purchase Cameron International's (NYSE:CAM) centrifugal compression unit for $850M.
    • The unit makes oil and gas separation equipment, heaters and water processing systems.
    | Aug. 18, 2014, 6:55 AM | Comment!
  • Dec. 7, 2012, 5:15 PM
    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.
    | Dec. 7, 2012, 5:15 PM | Comment!
  • May 9, 2012, 7:52 AM
    Activist investor Nelson Peltz confirms a report that his Trian Fund Management has bought over 7% in industrial conglomerate Ingersoll-Rand (IR). Trian owned 21.07M shares as of May 1, with the holding valued at $890M.
    | May 9, 2012, 7:52 AM | Comment!
  • Sep. 16, 2011, 10:11 AM
    Reuters reports United Technologies (UTX) is arranging financing "in the double-digit billions" for a major acquisition. Potential targets: Tyco TYC +7.5%, Textron TXT +7.4%, Rockwell Collins COL +6.5%, Goodrich GR +3%, Ingersoll-Rand IR +2.1%.
    | Sep. 16, 2011, 10:11 AM | Comment!
  • Aug. 17, 2011, 9:51 AM
    Macro troubles in the U.S. and Europe aren't scaring off private equity funds from making new deals: TheCityUK expects PE firms to invest over $200B globally this year, up 11% from 2010. Over the last month, companies such as DF, TLB, IR, RBS, ALU, and BCS have been linked to private equity deals.
    | Aug. 17, 2011, 9:51 AM | Comment!
  • Aug. 3, 2011, 9:08 AM
    Ingersoll Rand (IR) is in late-stage discussions with private equity firm Clayton Dubilier & Rice to sell its refrigeration business for $750M or less, Reuters reports. The refrigeration display business is considered highly cyclical and exposed to rising raw material costs, squeezing margins in recent years.
    | Aug. 3, 2011, 9:08 AM | Comment!
Company Description
Ingersoll-Rand PLC is a diversified company that provides products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, and increase industrial productivity and efficiency.