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Stock impact report

Donaldson Company Receives Binding Offer to Purchase Its Exhaust and Emissions Business

Donaldson Company, Inc. (DCI) 
Last donaldson company, inc. earnings: 3/5 07:02 am Check Earnings Report
US:NYSE Investor Relations: ir.donaldson.com
Company Research Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI), a leading worldwide provider of innovative filtration products and solutions, today announced it has received a binding offer from Nelson Global Products, Inc. (“Nelson”) to purchase its Exhaust and Emissions (“E&E”) business. Due to the receipt of this offer, Donaldson will engage in a consultation with its employee representative committees in Europe. Following completion of the consultation process, Donaldson will have the right to enter into a purchase agreement with Nelson, pursuant to a put option agreement. Upon entering the purchase agreement, the contemplated acquisition by Nelson would be subject to customary closing conditions and regulatory approvals.“We have a disciplined approach to managing our portfolio of filtration businesses, and the potential divestiture of Exhaust and Emissions reflects our commitment to pursuing opportunities where we believe we offer a distinct competitive advantage,” said To Show less Read more
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