Downers Grove-based Dover Corp. has reached an $855 million deal to acquire NXP Semiconductors NV’s Sound Solutions business, which makes speaker and receiver components for the mobile handset market. Get the full story »
Dover Corp.
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Dec. 22, 2010 at 7:50 p.m.
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Filed under: Cell phones, Consumer electronics, International, M&A, Wireless Dover buys Sound Solutions for $855M
Dover profit, outlook beat forecasts
Diversified manufacturer Dover Corp. posted a second-quarter profit that handily beat expectations on Friday, raised its forecast, and said order rates are running ahead of shipments. Dover, which is based in Downers Grove, reported net earnings of $169.9 million, or 90 cents per share, up from $97.1 million, or 52 cents a share, a year before.
