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Exhibit 99(a)12
Contact: Paul Dickard (Media Contact)
(201) 573-3120
Joseph Fimbianti (Analyst Contact)
(201) 573-3113
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INGERSOLL-RAND ANNOUNCES EXPIRATION OF HART-SCOTT-RODINO ACT
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WAITING PERIOD FOR ACQUISITION OF HUSSMANN INTERNATIONAL
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Woodcliff Lake, N.J., May 30, 2000--Ingersoll-Rand Company (NYSE:IR)
today announced the expiration of the waiting period under the Hart-Scott-Rodino
Act relating to its proposed purchase of shares of Hussmann International, Inc.,
under IR's pending tender offer.
As previously announced, IR Merger Corporation, a wholly-owned
subsidiary of IR, has offered to purchase all of the outstanding shares of
Hussmann. The offer, unless extended, is scheduled to expire at 12:00 midnight,
New York City time on Tuesday, June 13, 2000. The tender offer is subject to
certain conditions, including at least a majority of Hussmann's outstanding
shares, on a fully diluted basis, being tendered and not withdrawn prior to the
expiration of the offer.
IR is a major diversified industrial equipment and components
manufacturer serving the global growth markets of Climate Control, Industrial
Productivity, Infrastructure Development and Security and Safety. Further
information on IR can be found on the company's World Wide Web site at
www.ingersoll-rand.com.
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Hussmann International, Inc., shareholders are advised to read the tender offer
statement regarding the acquisition of Hussmann International, Inc., referenced
in this press release, which was filed by IR Merger Corporation and
Ingersoll-Rand Company with the U.S. Securities and Exchange Commission and the
related solicitation/recommendation statement which was filed by Hussmann
International, Inc., with the Commission. The tender offer statement (including
an offer to purchase, letter of transmittal and related tender offer documents)
and the solicitation/recommendation statement contain important information
which should be read carefully before any decision is made with respect to the
offer. These documents will be made available to all shareholders of Hussmann
International, Inc., at no expense to them, by contacting the information agent,
Georgeson Shareholders Communications Inc. Shareholders in the U.S. and Canada
please call (800) 223-2064; shareholders outside the U.S. and Canada please call
collect 011-44-207-335-7296. These documents are also available at no charge at
the SEC's website at www.sec.gov.
