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DOV WI - Dover News Story

$75.78 1.5  2.0%

Last Trade - 08/05/18

Sector
Industrials
Size
Large Cap
Market Cap £15.62bn
Enterprise Value £17.43bn
Revenue £4.96bn
Position in Universe th / 6849

Dover Completes Spin Off Of Knowles Corporation

Fri 28th February, 2014 10:08pm

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140228:nHUGdxZH


DOVER COMPLETES SPIN OFF OF KNOWLES CORPORATION

Downers Grove, IL, February 28, 2014 - Dover (NYSE:  DOV) announced today that it has successfully
completed the separation of Knowles Corporation ("Knowles") from Dover through a distribution of
all of the common stock of Knowles held by Dover to Dover shareholders.  Under the terms of the
distribution, after the close of trading on the New York Stock Exchange today, Dover shareholders
were distributed one share of Knowles common stock for every two shares of Dover common stock they
held as of the close of business on February 19, 2014, the record date.  Dover did not issue
fractional shares of Knowles' common stock in the distribution.  Fractional shares that Dover
shareholders would otherwise have been entitled to receive were aggregated and are for sale in the
public market by the distribution agent. The aggregate net cash proceeds of these sales will be
distributed ratably to those shareholders who would otherwise have been entitled to receive
fractional shares.

As of today, Knowles is an independent public company and, on March 3, 2014, Knowles will begin
"regular-way" trading on the New York Stock Exchange under the symbol "KN."  

About Dover: 
Dover is a diversified global manufacturer with annual revenues of approximately $8 billion.  For
over 50 years, Dover has been delivering outstanding products and services that reflect its market
leadership and commitment to operational and technical excellence. Dover's entrepreneurial
business model encourages, promotes and fosters deep customer engagement which has led to Dover's
well-established and valued reputation for providing superior customer service and
industry-leading product innovation. Dover focuses on delivering innovative equipment and
components, specialty systems and support services to its global industrial end-markets.
Headquartered in Downers Grove, Illinois, Dover is traded on the New York Stock Exchange under
"DOV." Additional information is available on our website at www.dovercorporation.com.

CONTACTS:

Investors:        
  Paul Goldberg
  Vice President - Investor Relations
  (212) 922-1640

Media:        
  Adrian Sakowicz
  Director of Communications
  (630) 743-5039 
 

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX
Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content,
accuracy and originality of the information contained therein.
Source: Dover Corporation via Globenewswire


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