Dover Confirms Wellsite Separation Remains On Track - Quick Facts

(RTTNews) - Dover (DOV) announced the company is considering options which may include a tax-free spin-off, sale or other strategic combination for the Wellsite business, the company's upstream energy businesses within its Energy segment. Dover expects to complete its assessment of strategic separation alternatives by the end of the year.

"Along with our planned Wellsite separation, we recently signed an agreement to sell the consumer and industrial winch business of Warn for $250 million. This deal marks another step in streamlining our business and focusing on our core growth platforms. The Warn sale is expected to close in the fourth quarter," Dover's CEO Robert Livingston, said.