NYSE:DCIMachinery
Donaldson Weighs CEO Shift And Facet Deal As Valuation Premium Looms
Donaldson Company (NYSE:DCI) has announced a CEO transition, with current COO Richard Lewis set to succeed retiring CEO Tod Carpenter.
The company has also entered into a definitive agreement to acquire Filtration Group's Facet Filtration business.
Facet Filtration adds fuel and fluid filtration capabilities with exposure to aerospace, defense, and power generation markets.
For investors watching NYSE:DCI, these updates come as the stock trades around $101.17, with a 1 year return of 47.6%...