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Ingersoll Rand to name security spin-off Allegion

  • (Photo courtesy Ingersoll Rand Security Technologies)

    Ingersoll Rand's new security spin-off will be called Allegion.

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Following through with its previous announced plans to spin-off its security business , Ingersoll Rand recently registered with the U.S. Securities and Exchange Commission to name its new $2 billion security company as Allegion plc. According to a statement, Allegion will be an independent publicly traded company with its shares listed on the New York Stock Exchange. The company will use the ticker symbol "ALLE." The move is part of an effort by the company to create two standalone companies...
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