Ingersoll Puts Bobcat on the Block

Ingersoll-Rand Co. (NYSE: IR) said that it is exploring strategic alternatives for its Bobcat and construction-related businesses, which could include a sale or public spinout. The involved companies reported approximately $2.6 billion in 2006 revenue. Ingersoll-Rand said it expects to conclude the process in the second half of this year. www.ingersollrand.com