Ingersoll-Rand to buy Trane for about $10.1 bln

Newswire

NEW YORK, Dec 17 (Reuters) - Diversified manufacturer Ingersoll-Rand Co Ltd on Monday said it agreed to acquire Trane Inc , a heating and air conditioning systems maker, for about $10.1 billion in cash and stock to expand its climate control business. Under the terms of the deal, Ingersoll agreed to pay a total of about $47.81 per share for Trane, with $36.50 per share to be paid in cash and the remainder to be paid in 0.23 shares of Ingersoll-Rand stock. (Reporting by Emily Chasan; ...

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