UPDATE 2-Ingersoll to sell units for $4.9 bln to Doosan

Newswire

(Adds analyst comments, background, more details) By Kim Soyoung SEOUL, July 30 (Reuters) - U.S. industrial conglomerate Ingersoll-Rand said it would sell its Bobcat machinery business and two other units to Doosan Infracore for $4.9 billion in cash, the biggest ever overseas acquisition by a South Korean firm. Doosan's shares jumped as much as 11 percent on the move, which the company said would nearly double its sales and make it the world's seventh largest construction equipment ...

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