Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 2, 2014

Dover Corp to purchase Accelerated Cos for about $430 mln, (NYSE: DOV)

Dover Corp, a maker of pumps and compressors, said it would acquire artificial lift pump maker Accelerated Cos LLC for about $430 million. The deal is expected to reduce Dover's continuing earnings by 3 cents per share in the fourth quarter, the company said in a statement.

Dover Corporation (Dover) manufactures a range of specialized products and components and also offers related services and consumables. Shares of DOV fell by 1.11% or $-0.89/share to $79.44. In the past year, the shares have traded as low as $67.78 and as high as $91.84. On average, 864168 shares of DOV exchange hands on a given day and today's volume is recorded at 1743248.