S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence.Justin’s transaction experience includes the sale of Mirion Technologies to GSAH II ($2.6bn) Ingersoll Rand’s merger of its Industrial segment with Gardner Denver via RMT ($15bn) Tyco’s merger with Johnson Controls ($36bn) Apergy’s merger with Ecolab’s ChampionX business via RMT ($7.4bn) Siemens’ spin-off of Siemens Energy ($19bn) and acquisition of Dresser-Rand ($7.6bn) Dover’s spin-off of Apergy ($4.0bn), acquisition of Wayne and sale of Sargent Xylem’s acquisition of Sensus ($1.7bn) and Pure Technologies Signify’s acquisition of Cooper Lighting from Eaton ($1.4bn) GE’s acquisition of Alstom ($14bn) Honeywell’s acquisition of Sperian Protection ($1.4bn) United Technologies’ sale of UTC Power Tyco’s separation into three public companies ($23bn) and merger of its Flow Control business with Pentair via RMT ($10bn) ITT’s separation into three public companies ($10bn) sale of Firth Rixson to Alcoa ($3.0bn) Pitney Bowes’ acquisition of Border Free Hertz’s acquisition of Dollar Thrifty ($2.3bn) Engility’s acquisition of TASC ($1.3bn) sale of Protection One to GTCR sale of Sauer Danfoss to Danfoss MSA’s acquisition of General Monitors split-off of Cargill’s stake in Mosaic ($24bn) 3G Capital’s acquisition of Burger King ($4.0bn) and Kraft’s acquisition of Cadbury ($22bn). agreed to merge with the industrial division of Ingersoll-Rand PLC, a tie-up that would create the world’s second-largest manufacturer of industrial pumps and. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets. More assets are invested in products based on our indices than products based on indices from any other provider in the world. The company was formerly known as Gardner Denver Holdings, Inc. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.įor more information about S&P Dow Jones Indices, please visit ABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. We are pleased to announce the launch of the. Headquartered in Milwaukee, WI, the company will be added to the S&P 500 GICS Industrial Machinery Sub-Industry index.Ĭimarex Energy operates as an independent oil and gas exploration and production company. Gaardner denver holdings spin ioff free The results are better than the mid-point of our most recent guidance for 2019 Adjusted EBITDA and Free Cash Flow, driven by solid commercial and operational execution across the segments and continued progress on improving net working capital. Gardner Denver provides mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services. Chesapeake Energy is ranked near the bottom of the S&P MidCap 400 and is no longer representative of the mid-cap market space. Cimarex Energy has a market capitalization more representative of the mid-cap market space. Immediately following its merger with the industrial segment business, Gardner Denver will have a name and ticker change to "new" Ingersoll Rand Inc. Post-spin-off, the "old" Ingersoll-Rand will change its name and ticker to Trane Technologies plc (NYSE:TT), and Trane will remain in the S&P 500 with a Global Industry Classification Standard (GICS) change to Building Products Sub-Industry classification. S&P 500 constituent Ingersoll-Rand plc (NYSE:IR) is spinning off its industrial segment business which will be merged with Gardner Denver Holdings. 29, will see his base salary increase to 1 million from 843,150 in 2019, according to a new filing with the U.S. (NYSE:CHK) in the S&P MidCap 400 effective prior to the open of trading on Tuesday, March 3. Vicente Reynal, CEO of Gardner Denver before the merger became official Feb. would then lead the climate-control segment of the company not being spun off to Gardner Denver Holdings (NYSE: GDI). (NYSE :XEC) in the S&P 500, and Cimarex Energy will replace Chesapeake Energy Corp. Ingersoll Rand to spin off, merge its industrial division in 15B deal. (NYSE:GDI) will replace Cimarex Energy Co. Gardner Denver Holdings in its merger with IngersollRand La Quinta Holdings in the conveyance of its owned real estate assets to and spinoff of CorePoint. 27, 2020 /PRNewswire/ - Gardner Denver Holdings Inc. Ingersoll-Rand Plc said on Tuesday it would spin off its industrial business and merge it with industrial pumps and compressors producer Gardner Denver Holdings Inc, creating a company valued at about 15 billion.
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