Ingersoll-Rand Board Will Review Proposals From Nelson Peltz

Ingersoll-Rand

said on Friday that its board is reviewing a number of strategic opportunities, including proposals that were presented by Nelson Peltz's investment firm, Trian Fund Management. The firm presented its ideas to the company at Ingersoll-Rand's regular board meeting in Swords, Ireland. The company said that it expects that the review will be completed by the end of the year. In May, Trian said that it had taken a 7.3 percent stake in Ingersoll-Rand. The company is a manufacturer of air conditioning systems, security systems, locks and other industrial products. Warren Buffett's Berkshire Hathaway

also has a stake in the company. At the time of its investment, Trian said that Ingersoll-Rand's shareholder returns and profitability have trailed those of similar companies and that the stock price could benefit by the improvement of certain financial metrics and the consideration of "strategic alternatives."