Dover Agrees To Sell Its De-Sta-Co Business To Stabilus For $680M
Portfolio Pulse from Benzinga Newsdesk
Dover Corporation has agreed to sell its De-Sta-Co business to Stabilus for $680 million. The deal is expected to close in the first quarter of 2023.
October 12, 2023 | 7:09 am
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POSITIVE IMPACT
Dover Corporation's sale of its De-Sta-Co business to Stabilus for $680 million could potentially free up capital for other investments or debt reduction.
The sale of De-Sta-Co could be beneficial for Dover as it could free up capital for other investments or debt reduction. This could potentially improve the company's financial health and make it more attractive to investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Stabilus' acquisition of De-Sta-Co from Dover Corporation for $680 million could potentially expand its product portfolio and market presence.
The acquisition of De-Sta-Co could be beneficial for Stabilus as it could expand its product portfolio and market presence. This could potentially improve the company's competitive position and make it more attractive to investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100