Deal Snapshot
INGERSOLL-RAND CUTS USD850M DEAL FOR CAMERON INTL UNIT
Thursday 20 November 2014

Irish climate control and industrial technologies specialist Ingersoll-Rand Plc (NYSE:IR) has agreed to pay USD850m (EUR634.8m) in cash for the centrifugal compression unit of US compression systems provider Cameron International Corporation (NYSE:CAM), the parties announced in separate statements.


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Details
Date Published: 20/11/2014
Target: Centrifugal compression unit
Country: USA
Deal Size: 850m (USD)
Sector: Machinery/Engineering
Type: Corporate acquisition
Financing: Cash & Debt, Existing resources
Status: Agreed
Vendor: Cameron International Corporation
Buyer: Ingersoll-Rand Plc
Buyer Advisor: JP Morgan Securities LLC, Simpson Thacher & Bartlett LLP

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