Ingersoll-Rand (IR) To Spin-Off Allegion On December 1
On November 11, 2013, Ingersoll-Rand PLC (NYSE: IR, $67.47, Market Capitalization: $19.4 billion) announced the details and timeline for the tax-free spin-off of Allegion plc. Allegion ordinary shares will be distributed on December 1, 2013, with Ingersoll Rand shareholders receiving one Allegion ordinary share for every three Ingersoll Rand shares held at the close of business on November 22 … Read News