Ingersoll Rand Recommends Rejection of TRC Capital’s “Mini-Tender” Offer

Ingersoll Rand Inc., a global provider of mission-critical flow creation and life sciences and industrial solutions, announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,500,00 shares of Ingersoll Rand’s common stock at $77.50 per share. The offer price is approximately 4.27% below the closing price of the company’s common stock on The New York Stock Exchange on March 21, 2025 ($80.96), the last trading day before the date of the offer. The offer price is also approximately 2.43% below the closing price of Ingersoll Rand’s common stock on March 28, 2025 ($79.43), the business day prior to this release.

Ingersoll Rand does not endorse TRC Capital’s offer and is not associated in any way with TRC Capital, its mini-tender offer or the offer documentation.

Ingersoll Rand recommends that its stockholders reject the offer and not tender their shares in response to TRC Capital’s unsolicited mini-tender offer. This mini-tender offer is at a price below the closing price for the company’s shares (as of the business day prior to this release) and is subject to numerous conditions.

TRC Capital has made similar unsolicited mini-tender offers for shares of other publicly traded companies. Mini-tender offers seek to acquire less than 5% of a company’s outstanding shares. This strategy enables the offering company to avoid many of the disclosure and procedural requirements that the U.S. Securities and Exchange Commission (SEC) requires for tender offers. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. federal securities laws.

The SEC’s website contains important tips for investors regarding mini-tender offers, available at: https://www.sec.gov/about/reports-publications/investorpubsminitend. The SEC’s website advises that mini tender-offers are frequently used to catch investors “off guard” and that investors may end up selling securities at below-market prices.

Similar to TRC Capital’s mini-tender offers targeted at other companies, these offers put individual investors at risk because they may not realize they are selling their shares at a discount. The offer is also subject to certain conditions. Ingersoll Rand urges stockholders to obtain current stock quotes for their shares of company common stock, to review the terms and conditions of the offer, to consult with their brokers or financial advisers, and to exercise caution with respect to TRC Capital’s mini-tender offer.

Ingersoll Rand stockholders who have already tendered their shares are advised they may withdraw their shares by following the procedures for withdrawal described in the TRC Capital offer documents prior to the expiration of the offer, which is currently scheduled for one minute after 11:59 p.m., New York City Time, on April 23, 2025.

Additionally, Ingersoll Rand encourages brokers, dealers, and other investors to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosure, available at: https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

Ingersoll Rand requests that a copy of this news release be included with all distribution of materials related to TRC Capital’s offer for shares of Ingersoll Rand’s common stock.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.

Contact:

Sara Hassell – Media Contact – sara.hassell@irco.com

Source: Ingersoll Rand Inc.