Ingersoll Rand

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Ingersoll-Rand to Buy Trane for $10B in Cash and Stock

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... More »

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers... More »

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