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Monday, December 10, 2012

Takeover Digest-New York Times business news - Dec 10, (NYSE: IR)

The following are the top stories on the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * Michael Bloomberg is weighing the wisdom of buying The Financial Times Group, which includes the paper and a half interest in The Economist, according to three people close to Bloomberg who spoke on the condition of anonymity. ()* The conglomerate Ingersoll-Rand Plc plans to announce a number of measures aimed in part at appeasing the activist investor Nelson Peltz, including a spinoff of its security business, people briefed on the matter said Sunday night. ()

Ingersoll-Rand plc (IR-Ireland) is a diversified, global company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties. Shares of IR traded higher by 1.02% or $0.49/share to $48.69. In the past year, the shares have traded as low as $29.68 and as high as $49.31. On average, 2543050 shares of IR exchange hands on a given day and today's volume is recorded at 3869351.