Ingersoll-Rand (IR -2.3%) trades slightly better than the overall market after announcing it...

|About: Ingersoll-Rand plc (IR)|By:, SA News Editor

Ingersoll-Rand (IR -2.3%) trades slightly better than the overall market after announcing it sold a 60% stake in its Hussmann refrigerated display case business to Clayton Dubilier & Rice for around $370M in cash. The company plans to use the money to fund its $2B share repurchase program announced on June 8.