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© andrzej thiel dreamstime.com Electronics Production | November 23, 2012

Dover to divest non-core businesses

Dover intends to divest certain non-core businesses which serve the electronic assembly and test markets.

The company will provide updates on the progress of these planned divestitures, but no formal announcements have been given. Dover's Board of Directors also authorized an additional share repurchase program. The company expects to repurchase USD 1 billion of its common stock over the next 12 to 18 months. The share repurchase program will be funded by cash on hand, proceeds from divestitures and free cash flow.
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November 19 2019 5:01 pm V14.7.13-2