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Allegion

Growth prospects positive for IR spinoff Allegion

As a stand-alone entity, Allegion will have free cash flow of $150 to $200m solely for security
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12/03/2013

DUBLIN, Ireland—Ingersoll Rand spinoff company, Allegion, is now an independent, pure play security company, “a $2 billion startup” with potential for continued growth in North America and big growth outside of North America, according to Allegion executives Dave Petratis and Tim Eckersley, as well as security analyst Jeff Kessler, who all spoke to Security Systems News.

More news about IR spinoff; new president named

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Wednesday, July 10, 2013

Ingersoll Rand on Monday announced that David Petratis will serve as CEO, president and chairman of it security spinoff, Allegion.

Ingersoll Rand offers $1.55 billion of senior notes

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06/18/2013

SWORDS, Ireland—Ingersoll Rand announced this week that it has completed a $1.55 billion debt offering consisting of three tranches, maturing in 2019, 2023 and 2043.

Ingersoll Rand names planned $2 billion spinoff: Allegion

The name of the new publicly traded company—expected to be spun off later this year—reflects the allegiance between Ingersoll Rand and its customers
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06/17/2013

SWORDS, Ireland—Ingersoll Rand, which previously said it planned to spin off its security products business at some point this year, today announced that Allegion will be the name of the new company and that it will have revenues of $2.05 billion.

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