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Gardner Denver Holdings Inc. is close to finalizing a merger with a division of Ingersoll-Rand PLC, creating the world's second-largest manufacturer of industrial pumps and compressors with an estimated market capitalization of $11.6 billion. The deal, structured as a Reverse Morris Trust, would result in Ingersoll shareholders owning a majority stake in the newly formed company. This merger highlights the consolidation and growth within the industrial manufacturing sector.
Saturday, 27 April, 2019