UPDATE 1-Ingersoll CEO expects removal from S&P 500

Newswire

NEW YORK, May 29 (Reuters) - Ingersoll-Rand Co Ltd Chief Executive Herb Henkel said on Friday he was "not overly optimistic" the company would remain a member of the Standard & Poor's 500 index if shareholders approve the industrial conglomerate's reincorporation to Ireland. Henkel made the comment at a Sanford Bernstein investor conference in New York. Ingersoll shareholders are set to vote on the proposed move next Wednesday. S&P removed medical products maker Covidien Ltd ...

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