Form 8-K · Current Report · Filed 2024-07-23
Dover Corporation Announces Agreement to Sell Environmental Solutions Group for $2 Billion
On July 21, 2024, Dover Corporation entered into a Transaction Agreement with Terex Corporation to sell its Environmental Solutions Group for $2 billion in cash, subject to customary closing conditions including regulatory approvals.
- Filer
- Dover Corporation DOV · NYSE
- Filed
- Accession
- 0001193125-24-182970
- CIK
- 0000029905
- Signal
- Medium impactIndustrials
- Source
- Official filing on sec.gov ↗
Details
The transaction is expected to close by April 21, 2025. The Transaction Agreement will be filed as an exhibit to Dover's Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2024.
Items reported
Entry into a Material Definitive Agreement
Financial Statements and Exhibits
Market reaction
Close before filing
$181.15
Next session
-2.7%
Since filing
+13.0%
Latest close
$204.62
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from DOV reporting the same item, with the next session's move:
About Dover Corporation
Dover Corporation is a diversified global manufacturer that designs and produces a broad range of innovative equipment, components, and specialty systems. The company operates in segments such as Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment. Dover’s products serve critical and high-performance applications across industries including aerospace, healthcare, automobile, food and beverage, and energy. Founded in 1955 and headquartered in Downers Grove, Illinois, the company is recognized for its commitment to technological advancement and operational excellence. Dover's strategic focus on sustainability and customer-centric innovation positions it as a key player in the industrial marketplace, leveraging its diversified portfolio to meet the evolving demands of global commerce.
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