Posted under Venture Capital
from http://www.pehub.com 1710 days ago

Ingersoll-Rand Plc is expected to announce as soon as Monday it will spin off its security division, as the industrial conglomerate cedes to pressure from activist investor Nelson Peltz to unlock more shareholder value, Reuters wrote Monday. The company, which has a market value of more than $14.5 billion, also plans to buy back shares and increase dividends, Reuters reported.

(Reuters) – Ingersoll-Rand Plc is expected to announce as soon as Monday it will spin off its security division, two people familiar with the matter said, as the industrial conglomerate cedes to pressure from activist investor Nelson Peltz to unlock more shareholder value.

The company, which has a market value of more than $14.5 billion, also plans to buy back shares and increase dividends, one of the sources said.

The spin-off, buybacks and dividend hikes come as part of a strategic review undertaken by Ingersoll after Peltz’s Trian ...

Read More...

blog comments powered by Disqus
Editor's Pick
Popular Today