Ingersoll-Rand (IR) has announced a rather complicated restructuring of the business. The company will merge its industrial activities with Gardner Denver (GDI) while the remaining climate business of Ingersoll-Rand will be separated. The rationale behind the deal and transaction looks solid and while I am appealed to both companies at this point in time, I require a little more clarity on the pro-forma numbers before jumping on board.
Deal Terms
To start with the industrial business: Ingersoll-Rand industrial will merge with Gardner Denver in a $15-billion deal. The company will retain