Terex Stock Surges After Buying Dover Unit for $2B
TEXTerex (TEX) Investopedia·2024-07-22 23:56

Key TakeawaysTerex shares surged Monday after the industrial manufacturer said it has agreed to acquire Dover Corp.'s Environmental Solutions Group for $2 billion in cash.Terex said the addition of ESG will allow it to create a third division, Environmental Solutions.Terex shares jumped 11% following the announcement, while Dover shares slipped 2%. Shares of industrial manufacturer Terex Corp. (TEX) jumped Monday after the industrial manufacturer said it has agreed to acquire Dover Corp.'s (DOV) Environment ...