Reuters - Ingersoll-Rand Spinning Off Security Division

Ingersoll-Rand Plc is expected to announce as soon as Monday it will spin off its security division, as the industrial conglomerate cedes to pressure from activist investor Nelson Peltz to unlock more shareholder value, Reuters wrote Monday. The company, which has a market value of more than $14.5 billion, also plans to buy back shares and increase dividends, Reuters reported.

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