WAITING PERIOD ENDS, INGERSOLL-RAND’S BID TO BUY HUSSMAN INTL. SET TO EXPIRE BY JUNE 13
WOODCLIFF LAKE, N.J.
Ingersoll-Rand Co. (IR) announces the expiration of the waiting period under the Hart-Scott-Rodino Act relating to its proposed purchase of shares of Hussman Intl. Inc., under IR’s pending tender offer. IR Merger Corp., a wholly owned subsidiary of IR, previously announced it had offered to purchase all of the outstanding shares of Hussman. The offer, unless extended, is scheduled to expire at midnight (ET) on Tuesday, June 13. The tender offer is subject to certain conditions, including at least a majority of Hussman’s outstanding shares, on a fully diluted basis, being tendered and not withdrawn prior to the expiration of the merger. IR is a major diversified industrial equipment and components manufacturer serving the global growth markets of climate control, industrial productivity infrastructure development and security and safety. Hussman manufactures, sells, installs and services merchandising and refrigeration systems for the commercial food industry.
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