Previous close | 95.26 |
Open | 95.17 |
Bid | 93.00 x 800 |
Ask | 95.31 x 1100 |
Day's range | 94.50 - 95.41 |
52-week range | 53.24 - 96.17 |
Volume | |
Avg. volume | 2,546,177 |
Market cap | 38.306B |
Beta (5Y monthly) | 1.44 |
PE ratio (TTM) | 49.97 |
EPS (TTM) | 1.90 |
Earnings date | 01 May 2024 - 06 May 2024 |
Forward dividend & yield | 0.08 (0.08%) |
Ex-dividend date | 06 Mar 2024 |
1y target est | 98.55 |
Ingersoll Rand's (IR) acquisition of ILC Dover will enable it to strengthen its product offerings and boost growth in the life sciences market.
DAVIDSON, N.C., March 25, 2024--Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire ILC Dover ("ILC") from New Mountain Capital, LLC, a leading growth-oriented investment firm with approximately $50 billion in assets under management. The deal includes an upfront cash purchase price of approximately $2.325 billion and an earnout tied to the achievement of select operating efficiency metrics in 2024.
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...