Market Overview

Ingersoll Rand Completes Allegion Spinoff

Ingersoll-Rand plc (NYSE: IR), a world leader in creating comfortable,
sustainable and efficient environments, has completed the spinoff of the
company's commercial and residential security businesses named Allegion.

“The on time completion of the Allegion separation is a significant
milestone for both companies, their shareholders and employees,” said
Michael W. Lamach, chairman and CEO of Ingersoll Rand. “Allegion's
industry-defining products and partnerships with customers to solve
their toughest security challenges set the company apart in raising the
standards for safety and security. I congratulate Allegion Chairman and
CEO Dave Petratis and all of the Allegion employees, and thank Ingersoll
Rand employees around the world for their efforts in delivering on our
commitment to complete the

See full press release

Posted-In: News Guidance Asset Sales Management Stock Split

 

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