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Security Profile
- Security Type
- Common Stock
- CUSIP
- G0176J109
- Market Cap
- Large Cap
Business: Allegion provides mechanical and electronic security products and solutions for homes and businesses in more than 120 countries. It sells products under 23 brands and specializes in security around the doorway and beyond, from residential and commercial locks, door closers and panic release bars to access control systems and workforce productivity systems.
Notes: On November 11, 2013, Ingersoll-Rand IR -1.78% PLC (NYSE: IR, $67.47, Market Capitalization: $19.4 billion) announced the details and timeline for the tax-free spin-off of Allegion plc. Allegion ordinary shares will be distributed on December 1, 2013, with Ingersoll Rand shareholders receiving one Allegion ordinary share for every three Ingersoll Rand shares held at the close of business on November 22, 2013. Allegion will trade on the NYSE under the symbol ALLE. Ingersoll Rand expects that a when-issued public trading market for Allegion will begin on the NYSE on or about November 18, 2013. Allegion shares will begin regular-way trading on December 2, the first day following the distribution date.
Company Contact
- CEO
- John H. Stone
- CFO
- Michael Wagnes
- Investor Relations
- Tom Martineau