Ingersoll-Rand recommends rejection of TRC Capitals’ ‘mini tender’ offer

Ingersoll Rand announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation to purchase up to 1,500,00 shares of Ingersoll Rand’s common stock at $77.50 per share. The offer price is approximately 4.27% below the closing price of the company’s common stock on The New York Stock Exchange on March 21, 2025, the last trading day before the date of the offer. The offer price is also approximately 2.43% below the closing price of Ingersoll Rand’s common stock on March 28, 2025, the business day prior to this release. Ingersoll Rand recommends that its stockholders reject the offer and not tender their shares in response to TRC Capital’s unsolicited mini-tender offer. This mini-tender offer is at a price below the closing price for the company’s shares and is subject to numerous conditions.