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Showing results for TRANE US INC, AKA Ingersoll Rand Co
...(Reuters)(Financial Times) Ingersoll-Rand planning asset sales: “Ingersoll-Rand Plc (IR), as part of an agreement with investor Nelson Peltz, is poised to announce as soon as today that it will sell or...
...Aria numbers Disney, Pitney Bowes and Ingersoll Rand among its enterprise customers....
...Aside from the opportunity to consolidate, the benefits of greater scale should allow the larger manufacturers – United Technologies’ Carrier, Japan’s Daikin Industries and Trane, owned by Ingersoll-Rand...
...Ingersoll-Rand, a maker of cooling systems, fell 5.7 per cent to $46.25 after reporting weaker-than-expected quarterly earnings....
...US housing downturn....
...The conglomerate paid $4.9bn for Bobcat, the world’s biggest compact construction equipment maker, and two other units from US conglomerate Ingersoll-Rand in 2007....
...Ingersoll-Rand, which makes refrigeration equipment, announced a narrower loss than expected and its shares rose 15.7 per cent to $19.35....
...Ingersoll-Rand , the industrial services company, fell 1.3 per cent to $13.80 after slashing its dividend to 7 cents per share in order to save $140m a year. ....
...Meanwhile, Ingersoll had acquired Trane, another Berkshire holding as of March. Berkshire owned 3.2m shares of NRG on June 30....
...Industrials also came under pressure from the latest profit warnings in the sector, this time from Ingersoll-Rand and Pentair....
...Elsewhere, Ingersoll-Rand fell 4.7 per cent to $22.20 after the manufacturer lowered its profit guidance for the year due to weak North America and Western Europe sales in September....
...Ingersoll-Rand and Parker Hannifin fell 5.5 per cent to $29.46 and 3.6 per cent to $51.09 after Citigroup cut its recommendation on the two groups from “buy” to hold”....
...Ingersoll-Rand added 2.9 per cent to $36.65 while Paccar climbed 2.4 per cent to $40.80. Materials snapped a three- day losing streak as steel producers bounced back....
...Mergers and acquisitions returned to the agenda, led by Ingersoll-Rand, the diversified manufacturer, which agreed to acquire Trane, the heating and air conditioning systems company in a deal valued at $10.1bn...
...Shares in Ingersoll-Rand, an industrial group that agreed to buy Trane, the climate control company, for $10.1bn, tumbled 11.4 per cent to $43.60 by the end of trading....
...In July, Doosan Infracore of South Korea unveiled a $4.9bn acquisition of the Bobcat industrial machinery business of Ingersoll-Rand – the largest US M&A deal by an Asian company....
...He said deals such as this week’s $4.9bn purchase of part of Ingersoll Rand of the US by Korea’s Doosan Infracore highlighted renewed activity by trade buyers....
...The industry leaders are Atlas Topco and Ingersoll Rand. Fu Sheng ranks among the industry’s 10 largest operators....
...Ingersoll Rand shares jumped 5.8 per cent to $49.29 after the machinery and heavy equipment maker said it was looking to sell some of its businesses....
...Illinois Tool Works and Ingersoll-Rand of the US were again mentioned as potential bidders....
International Edition