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Ingersoll Rand Selects Allegion as Name of $2 Billion Public Security Spinoff Company; Files Form 10 Paperwork
Swords, Ireland, June 17, 2013 – Ingersoll-Rand plc has filed a Form 10 Registration Statement with the U.S. Securities & Exchange Commission to spin off its commercial and residential security businesses, which will be named Allegion plc.
The filing provides details about the independent global provider of security products and solutions. As previously announced, Ingersoll Rand expects the spinoff, which is intended to be tax free to shareholders, to occur prior to year-end.
According...
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