I-R, flush with cash, makes a deal private equity players would love
(Newser) -
In what would be the largest industrial acquisition since 1999, Ingersoll-Rand has agreed to buy Trane for $10.1 billion, creating the second-largest manufacturer of air conditioners and climate-control systems in the world, the
Wall Street Journal reports. The deal requires regulatory and shareholder approval but little borrowing, because I-R...
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