Brief: Ingersoll Rand To Acquire ILC Dover To Expand Presence In Life Sciences

Ingersoll Rand

25/03/2024 13:25

March 25 (Reuters) - Ingersoll Rand Inc  IR.N :
    * INGERSOLL RAND TO ACQUIRE ILC DOVER TO EXPAND PRESENCE IN
LIFE
SCIENCES
    * INGERSOLL RAND INC - DEAL INCLUDES AN UPFRONT CASH
PURCHASE
PRICE OF APPROXIMATELY $2.325 BILLION
    * INGERSOLL RAND INC -  DEAL INCLUDES AN EARNOUT TIED TO
ACHIEVEMENT OF SELECT OPERATING EFFICIENCY METRICS IN 2024
    * INGERSOLL RAND INC - ACQUISITION IS IMMEDIATELY ACCRETIVE
TO
INGERSOLL RAND'S GROWTH AND MARGIN RATES
    * INGERSOLL RAND INC - ACQUISITION IS SUBJECT TO CUSTOMARY
REGULATORY APPROVALS AND IS EXPECTED TO CLOSE IN Q2 2024

Source text for Eikon:  ID:nBw72KBHda 
Further company coverage:  IR.N 

 ((Reuters.Briefs@thomsonreuters.com;))