Ingersoll Rand announces secondary offering of 29.8M shares by KKR; company to repurchase 14.9M shares

Ingersoll Rand Inc.

KKR Renaissance Aggregator L.P. sold 29,788,635 shares in an underwritten offering at $49.05 per share.
Company repurchased 14,894,317 shares from the underwriter at $49.05 per share; shares held in treasury.
Repurchase approved by independent disinterested directors and closed concurrently with the offering.
Company did not receive any proceeds; total repurchase value approximately $730 million.

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