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Dover considering sale of upstream energy unit
September 12, 2017 / 11:12 AM / 3 months ago

Dover considering sale of upstream energy unit

(Reuters) - U.S. industrial conglomerate Dover Corp (DOV.N) said on Monday it was exploring strategic alternatives, including a sale, for its upstream energy unit.

    The company said the options also include a tax-free spinoff of the unit.

    The upstream energy unit is part of Dover’s overall energy business, which provides lift equipment services and diamond cutters used in oil and gas exploration and production.

    Reporting by Ahmed Farhatha; Editing by Saumyadeb Chakrabarty

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