Ingersoll-Rand to merge industrial business with Gardner Denver in $15B deal

Ingersoll-Rand plc agreed to spin off its Industrial business and merge it with Gardner Denver Holdings in a cash-and-stock Reverse Morris Trust deal valued at about $15 billion, announced April 30, 2019.

“Ingersoll Rand Industrial company expected to be called Ingersoll Rand and trade under Ingersoll Rand's existing ticker (NYSE: IR).”sec.gov

• 5 sources
• sec.govExhibitApr 30, 2019
• paulweiss.comIngersoll-Rand Industrial Business to Merge With Gardner Denver, Creating $15 Billion Company | Paul, WeissApr 30, 2019
• reuters.comIngersoll-Rand to spin off industrial unit and merge it with Gardner DenverApr 30, 2019
• news.bloomberglaw.comGardner Denver to Combine With Ingersoll’s Industrial DivisionApr 30, 2019
• reuters.comIngersoll-Rand to spin off industrial unit and merge it with Gardner DenverApr 30, 2019

Summarized from public sources; check the original articles before acting on it.