0.10%QQQQ 44.63 
0.18%XLF 19.94 0.35%
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NEW YORK (AP) - Dover Corp., which owns a diverse portfolio of manufacturing companies, said Tuesday it will issue $600 million in notes to repay debt under its commercial paper program.
| DOV | 46.94 |  -0.2 |
The offering is comprised of $350 million in 5.45 percent notes due 2018 and $250 million in 6.60 percent notes due 2038. The transaction is expected to close on March 14.
JPMorgan Securities Inc., Banc of America Securities LLC and Deutsche Bank Securities, Inc. served as joint book-running managers for the 10-year note offering. JPMorgan, Goldman, Sachs & Co., and Greenwich Capital Markets, Inc. served as joint book-running managers for the 30-year note offering.
Shares rose $2.02, or 5.1 percent, to close Tuesday at $41.74.
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