Dover said on July 21, 2024 that it entered into a Transaction Agreement with Terex Corporation to sell its Environmental Solutions Group businesses for $2,000,000,000 in cash, subject to customary transaction adjustments.

1. 01

   Dover said on July 21, 2024 that it entered into a Transaction Agreement with Terex Corporation to sell its Environmental Solutions Group businesses for $2,000,000,000 in cash, subject to customary transaction adjustments.

2. 02

   The company said closing of the transaction is subject to the absence of any government order or injunction that would make it illegal or prohibit it, and to the expiration or termination of the waiting period under the Hart-Scott-Rodino Act, as well as the satisfaction or waiver of other customary mutual closing conditions.

3. 03

   The company said either party may terminate the agreement if the transaction is not completed on or before April 21, 2025, and that a termination right also applies if the other party's representations and warranties are untrue or it breaches or fails to perform its covenants, so that a closing condition is not satisfied.

4. 04

   The company said it will file the Transaction Agreement in full as an exhibit to its Form 10-Q for the fiscal quarter ending September 30, 2024. It added that the parties agreed to use reasonable best efforts to complete the transaction and obtain the required regulatory approvals.

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Original filing

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