Ingersoll Rand (IR) in Talks to Sell Hussmann Unit; Shares Pop
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Price: $73.63 +0.74%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +4.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +4.1%
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Ingersoll Rand (NYSE: IR) shares are popping after-hours on reports that it is in talks to sell its Hussmann refrigeration business to private equity firm Clayton Dubilier & Rice.
The unit is likely to be valued at less than $750 million.
CEO Mike Lamach said Ingersoll was on track to sell Hussmann by the end of Q311.
Reuters cites two people familiar with the talks on the news.
Ingersoll is up 5.8 percent late Tuesday.
The unit is likely to be valued at less than $750 million.
CEO Mike Lamach said Ingersoll was on track to sell Hussmann by the end of Q311.
Reuters cites two people familiar with the talks on the news.
Ingersoll is up 5.8 percent late Tuesday.
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