Ingersoll-Rand (IR) Board Reviewing Initiatives to Enhance Shareholder Value, Including Trian Proposals
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Price: $58.21 +0.38%
Overall Analyst Rating:
NEUTRAL (
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Dividend Yield: 1.4%
EPS Growth %: +35.5%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 1.4%
EPS Growth %: +35.5%
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Ingersoll-Rand plc (NYSE: IR) reports that its Board of Directors continues its detailed analysis of a number of strategic opportunities, including the proposals presented directly by Trian Fund Management (“Trian”) at yesterday’s regularly scheduled Board meeting. The Board has evaluated alternatives to enhance shareholder value and currently expects to complete its review and validation by year-end.
In the context of evaluating a range of strategic opportunities, the Board invited Trian to present its ideas regarding the Company’s strategic direction at yesterday’s meeting. The Board thanks Nelson Peltz for his time and welcomed the opportunity to hear directly from him. Ingersoll Rand’s Board and management are dedicated to analyzing carefully and thoughtfully all alternatives in order to drive value for shareholders. The Board has directed Ingersoll Rand’s management team and advisors to continue to expeditiously assess these proposals in addition to other specific alternatives the Board has identified to potentially enhance shareholder value. The Company has engaged in substantial discussions with Trian and has made available its key executives, independent advisors and Board to engage in constructive dialogue to better understand Trian’s proposals.
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In the context of evaluating a range of strategic opportunities, the Board invited Trian to present its ideas regarding the Company’s strategic direction at yesterday’s meeting. The Board thanks Nelson Peltz for his time and welcomed the opportunity to hear directly from him. Ingersoll Rand’s Board and management are dedicated to analyzing carefully and thoughtfully all alternatives in order to drive value for shareholders. The Board has directed Ingersoll Rand’s management team and advisors to continue to expeditiously assess these proposals in addition to other specific alternatives the Board has identified to potentially enhance shareholder value. The Company has engaged in substantial discussions with Trian and has made available its key executives, independent advisors and Board to engage in constructive dialogue to better understand Trian’s proposals.
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