Terex Stock Surges After Buying Dover Unit for $2B

Shares of industrial manufacturer Terex Corp. (TEX) jumped Monday after the industrial manufacturer said it has agreed to acquire Dover Corp.'s (DOV) Environmental Solutions Group for $2 billion in cash. Terex will create a new Environmental Solutions segment that includes ESG and its existing Utilities business. Key Takeaways Terex said that the deal adds to its existing businesses by growing its exposure to the growing waste and recycling industry, along with increasing its exposure to the North American ...