INGERSOLL RAND TO ACQUIRE TRANE INC. FOR APPROXIMATELY $10.1 BILLION
- Transaction Creates a Global Diversified Industrial Company with expected Pro Forma 2008 Revenues of $17 Billion and $2 Billion of EBIT
- Transaction Immediately Accretive to Earnings with Estimated 2008 EPS of $4.00
- Cost and Revenue Synergies are Expected to Exceed $300 million by 2010
- Acquisition Price for Trane of $36.50 Per Share in Cash and 0.23 shares of Ingersoll Rand Common Stock per each Trane Share Equal to Approximately $48.00 in Total Value per Trane Share
