Ingersoll Rand merges with Gardner Denver in $15 billion Reverse Morris Trust deal with Trane Technologies

Trane Technologies spun off its industrial business, which combined with Gardner Denver to form the new Ingersoll Rand in a deal valued at $15 billion; the transaction has been completed.

“Trane Technologies has freed his employer's industrial business segment, which combined with heavy-duty pumps and compressors producer Gardner Denver Holdings Inc., to create the new Ingersoll Rand in a deal valued at $15 billion.”vanguardlawmag.com

• 1 source
• vanguardlawmag.comDavid Butow – Trane Technologies - Vanguard Law MagazineMay 7, 2020

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