Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DOVER CORPORATION

(DOV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Electrolux Professional AB (OM:EPRO B) completed the acquisition of Unified Brands, Inc. from Dover Corporation on December 1, 2021.

12/01/2021 EST

Electrolux Professional AB (publ) (OM:EPRO B) entered into an agreement to acquire Unified Brands, Inc. from Dover Corporation (NYSE:DOV) for approximately $240 million on October 11, 2021. The purchase also includes the related assets. The purchase price is on a cash and debt free basis including certain tax benefits, subject to customary post-closing adjustments. The acquisition is financed by internal funds and existing bank and credit lines. Unified Brands is expected to operate as it does today and will be reported as part of Electrolux Professional's Food & Beverage segment. Management team of Unified Brands will stay in their roles. The net debt/EBITDA ratio after the acquisition is not expected to be above the company target of 2.5x. The transaction is subject to customary regulatory approvals. Closing is expected to take place during the fourth quarter of 2021, Following the acquisition, Unified Brands is expected to operate as it does today and will be reported as part of Electrolux Professional's Food & Beverage segment. Justin M.King and Michelle Stewart of King & Spalding LLP acted as a legal advisor to Electrolux Professional AB. Sidley Austin LLP acted as Legal Advisor to Dover Corporation in sale of Unified Brands, Inc. business. Electrolux Professional AB (publ) (OM:EPRO B) completed the acquisition of Unified Brands, Inc. from Dover Corporation (NYSE:DOV) on December 1, 2021.


ę S&P Capital IQ 2021
All news about DOVER CORPORATION
01/21SWEP Introduces Hypertwain Technology for the AC & Heat Pump Markets
PR
01/20Dover Announces Fourth Quarter 2021 Earnings Release Date, Conference Call and Webcast
PR
01/14Morgan Stanley Adjusts Dover's Price Target to $194 from $190, Keeps Equalweight Rating
MT
01/12Hydro Systems Unveils Multi-Washer 3000 Series with EvoClean for On-Premise Laundry
PR
01/10Deutsche Bank Adjusts Dover's Price Target to $176 From $178, Maintains Hold Rating
MT
01/10NORTH AMERICAN MORNING BRIEFING : Yields Rise, -3-
DJ
01/07Oppenheimer Upgrades Dover to Outperform From Perform, Sets $205 Price Target
MT
01/07Today on Wall Street: Is it legit?
01/07ANALYST RECOMMANDATIONS : AT&T, BP Plc, Costco, Lyft, Starbucks...
01/06DOVER : Eight Dover Manufacturing Facilities Attain Operational Excellence Certification
PU
More news
Analyst Recommendations on DOVER CORPORATION
More recommendations
Financials (USD)
Sales 2021 7 833 M - -
Net income 2021 969 M - -
Net Debt 2021 2 467 M - -
P/E ratio 2021 26,1x
Yield 2021 1,15%
Capitalization 24 986 M 24 986 M -
EV / Sales 2021 3,50x
EV / Sales 2022 3,18x
Nbr of Employees 23 000
Free-Float -
Chart DOVER CORPORATION
Duration : Period :
Dover Corporation Technical Analysis Chart | DOV | US2600031080 | MarketScreener
Technical analysis trends DOVER CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 173,53 $
Average target price 193,47 $
Spread / Average Target 11,5%
EPS Revisions
Managers and Directors
Richard Joseph Tobin President, Chief Executive Officer & Director
Brad M. Cerepak Chief Financial Officer & Senior Vice President
Michael F. Johnston Independent Director
David J. Malinas Senior Vice President-Operations
Kristiane C. Graham Independent Director
Sector and Competitors
1st jan.Capi. (M$)
DOVER CORPORATION-3.81%24 986
ATLAS COPCO AB-7.51%73 302
PARKER-HANNIFIN CORPORATION-1.46%40 287
FANUC CORPORATION-5.23%38 952
SANDVIK AB-3.09%33 454
TECHTRONIC INDUSTRIES COMPANY LIMITED-13.02%31 807