SOURCE: Industrial Info Resources

December 19, 2007 10:01 ET

Ingersoll-Rand Sells One Division, Acquires Another, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 19, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Ingersoll-Rand Company Limited (NYSE:IR) has entered an agreement to purchase Trane Incorporated, a manufacturer of indoor climate control systems for nearly $10.1 billion, including $150 million of Trane debt. The acquisition will be paid for with cash and stock.

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