Market Overview

Dover Files nitial Form 10 Registration Statement for Spin-Off of Knowles Corporation

Dover (NYSE: DOV) today announced that its wholly owned subsidiary Knowles Corporation ("Knowles") filed an initial Form 10 registration statement with the U.S. Securities and Exchange Commission ("SEC").  The filing relates to the previously announced spin-off of certain of Dover's communication technologies businesses into a standalone, publicly traded company. Upon completion of the spin-off, Knowles will be an independent, global technology and market leader in the communication technologies space. As previously communicated, Dover anticipates that the transaction will be in the form of a distribution of 100% of the stock of Knowles, which is expected to be tax-free to Dover and U.S. shareholders. Dover continues to expect that the transaction will be completed early next year. Completion of the transaction is subject to certain customary conditions, including, among others, assurance that the spin-off of Knowles will be tax free to Dover and U.S. shareholders, the

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Posted-In: News Guidance Contracts Management Global

 

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