Monday, July 30, 2007

UPDATE 1-Ingersoll-Rand shares jump on Bobcat sale price

(Reuters) - Ingersoll said on Sunday it had agreed to sell the Bobcat
division and two other units to South Korea's Doosan Infracore
for $4.9 billion, marking the biggest-ever foreign
acquisition by a South Korean company.




The Bobcat division and its utility equipment and
attachment units generated $2.6 billion in sales last year,
accounting for about 23 percent of Ingersoll-Rand's total 2006
revenue.


Read more at Reuters.com Bonds News

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