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Stock Market & Financial Investment News

News Breaks
March 5, 2014
08:36 EDTDOVDover announces new segment structure and management appointments
Dover has realigned its businesses into a new segment structure. The company also announced, effective immediately, the promotions of C. Anderson Fincher as CEO of the Engineered Systems and William Johnson as CEO of the Refrigeration & Food Equipment segments. The four segments are: Dover Energy, a segment with 2013 revenue of $1.9B led by Soma Somasundaram as CEO; Dover Engineered Systems, which had 2013 revenue of $2.5B, led by Andy Fincher, formerly EVP of Engineered Systems, as CEO; Dover Fluids, with 2013 revenue of $1.2B, led by William Spurgeon as CEO; and Dover Refrigeration & Food Equipment, with 2013 revenue of $1.9B, led by Bill Johnson as CEO. The realignment will be reflected in Dover's quarterly and full-year financial results.
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July 30, 2014
17:57 EDTDOVDover acquires The WellMark Company from Platte River Equity
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17:25 EDTDOVDover acquires WellMark
Dover announced that its energy segment has acquired The WellMark Company headquartered in Oklahoma City, Oklahoma. WellMark is a leading manufacturer of valves, instrumentation and chemical injection pumps serving the oil and gas industry. The company also announced that WellMark will be merged with Norriseal, a long standing business within the Energy segment. WellMark expects to generate revenue of approximately $55M in 2014. Terms of the transaction were not disclosed.
July 17, 2014
07:09 EDTDOVDover raises FY14 EPS cont ops to $4.75-$4.85 from $4.60-$4.80, consensus $4.81
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07:09 EDTDOVDover reports Q2 bookings growth of 11%
07:09 EDTDOVDover reports Q2 EPS cont ops $1.29, consensus $1.28
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