Newspaper article from our research archive:

Ingersoll-Rand finishes Trane acquisition deal

Ingersoll-Rand Co. completed its acquisition Thursday of Trane Inc. after Trane shareholders approved the sale at a special morning meeting at headquarters in Piscataway, NJ.

Ingersoll-Rand, based in Bermuda, said holders of Trane's approximately 200 million common shares will receive a combination of $36.50 in cash and 0.23 shares of Ingersoll-Rand common stock for each Trane share.

The two companies announced the planned acquisition in December. The deal gives Ingersoll-Rand, which makes Thermo King refrigerated trucks and Hussmann refrigerated display cases, access to Trane's building and transportation cooling systems.

"As we communicated in December, there will be very few if any ...

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