e8vk
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 29, 2011
DOVER CORPORATION
(Exact Name of Registrant as Specified in Charter)
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State of Delaware
(State or Other Jurisdiction
of Incorporation)
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1-4018
(Commission File Number)
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53-0257888
(I.R.S. Employer
Identification No.) |
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3005 Highland Parkway, Suite 200,
Downers Grove, Illinois
(Address of Principal Executive Offices)
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60515
(Zip Code) |
(630) 541-1540
(Registrants telephone number, including area code)
(Former Name or Former address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events
On
September 29, 2011, Dover Corporation (the Company) announced that it had completed the sale
of Crenlo, LLC and Paladin Brands to KPS Capital Partners, LP. Total
proceeds from the sale are
$290 million, subject to normal post-closing adjustments. The Company anticipates recognizing a
loss on the sale of approximately $0.35 per
diluted share, which the Company will report as part of discontinued operations
in its third quarter 2011 results.
A copy of the Companys press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(a) |
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Financial statements of businesses acquired. |
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Not applicable. |
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(b) |
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Pro forma financial information. |
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Not applicable. |
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Shell company transactions. |
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Not applicable. |
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(d) |
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Exhibits. |
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The following exhibits is filed as part of this report: |
99.1
Dover Corporation press release dated September 29, 2011.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: September 29, 2011 |
DOVER CORPORATION
(Registrant)
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By: |
/s/ Joseph W. Schmidt
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Joseph W. Schmidt, Senior Vice President, |
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General Counsel & Secretary |
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EXHIBIT INDEX
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Exhibit No. |
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Description |
99.1 |
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Dover Corporation press release dated September 29, 2011 |
exv99w1
Exhibit 99.1
FOR IMMEDIATE RELEASE
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CONTACT:
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READ IT ON THE WEB |
Paul Goldberg
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http://www.dovercorporation.com |
Treasurer & Director of Investor Relations |
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(212) 922-1640 |
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DOVER COMPLETES SALE OF CRENLO AND PALADIN BRANDS
Continues to Execute on Strategy to Reduce Exposure to Construction Related End-Markets
Downers
Grove, IL, September 29, 2011 Dover Corporation (NYSE: DOV) announced today that it
has completed the sale of Crenlo, LLC of Rochester, MN, a leading maker of cab equipment
enclosures, and Paladin Brands of Cedar Rapids, IA, North Americas largest independent
manufacturer of attachment tools, to KPS Capital Partners, LP. Total proceeds from the sale are
$290 million, subject to normal post-closing adjustments.
We are pleased to announce the completion of the sale of Crenlo and Paladin, commented Bob
Livingston, President and CEO of Dover. While both of these companies have strong market
positions, their sale is an important step in Dovers long-term vision of strengthening the
portfolio, improving margins and reducing our exposure to construction related end-markets. This
transaction also provides additional financial capacity to continue Dovers expansion plans in our
key growth spaces through both acquisitions and internal initiatives.
The company anticipates recognizing a
loss on the sale of approximately $0.35 per diluted share, which will be reported as part of
discontinued operations in its third quarter 2011 results.
Dover was advised by Lazard on this transaction.
Dover Corporation is a global manufacturer providing innovative components and equipment, specialty
systems and support services for a variety of applications in the industrial products, engineered
systems, fluid management and electronic technologies markets. For more information, please visit
www.dovercorporation.com.