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KKR to acquire Gardner Denver for $3.74 billion

Private equity firm KKR & Co LP will buy industrial machinery maker Gardner Denver Inc for $3.74 billion, four months after the company put itself up for sale.KKR's offer of $76 per share is at a premium of 3 percent to Gardner Denver's Thursday closing price on the New York Stock Exchange. It is 39 percent above what the stock traded at in late October when the company said it was exploring a sale.Gardner Denver, which makes compressors, pumps and vacuum products for industrial uses, decided to put itself up for sale following months of pressure from activist investor ValueAct Capital LLC, which reported a roughly 5 percent stake in July 2012.New York-based KKR has been in the pole position to buy Gardner Denver after other private equity bidders who initially took part in the auction abandoned the process ahead of the February 21 deadline for final bids, people familiar with the matter told Reuters.The deal is valued at $3.9 billion including debt, the companies said in a statement.B...

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  1. Exclusive: Gardner Denver -SPX talks end without deal - source

    Industrial machinery maker Gardner Denver Inc has ended talks with SPX Corp and has invited the private equity firms that made offers for the company to re-engage in...

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    Stock futures pointed to a higher open on Wednesday as the latest offers in ongoing U.S. budget negotiations underlined hopes for a deal, while technology shares wer...

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    Stock futures rose on Wednesday as the latest offers in ongoing U.S. budget negotiations underlined hopes for a deal, while technology shares were lifted by strong r...

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    Stock futures rose on Wednesday as the latest offers in ongoing U.S. budget negotiations underlined hopes for a deal, while technology shares were lifted by strong r...

  5. Exclusive: SPX closes in on $4.2 billion Gardner Denver deal - source

    Industrial machinery maker SPX Corp is closing in on a roughly $4.2 billion deal to buy rival Gardner Denver Inc, as it makes progress in securing financing, a sourc...

  6. SPX Bid for Gardner Denver Said to Top $4 Billion

    Industrial machinery manufacturer SPX Corp.'s (SPW) bid for Gardner Denver Inc. (GDI) has topped $4 billion, outbidding private equity suitors by a wide margin, the ...

  7. Exclusive: SPX bid for Gardner Denver tops $4 billion - sources

    Industrial machinery maker SPX Corp has outbid private equity firms competing to buy Gardner Denver Inc by a wide margin, offering to pay more than $4 billion for th...

  8. Exclusive: SPX in talks to buy Gardner Denver - sources

    SPX Corp is in exclusive talks to buy rival Gardner Denver Inc and hopes to finalize a deal by the end of the year, four people familiar with the matter said, in a m...

  9. Exclusive: SPX in exclusive talks to buy Gardner Denver - sources

    SPX Corp is in exclusive talks to buy rival Gardner Denver Inc and hopes to finalize a deal by the end of the year, four people familiar with the matter said, in a m...

  10. Gardner Denver confirms exploring potential sale

    Industrial machinery maker Gardner Denver Inc said it is exploring strategic alternatives including a potential sale or merger of the company, confirming a Reuters r...

  11. Exclusive: Gardner Denver explores sale - sources

    Industrial machinery maker Gardner Denver Inc is exploring a sale and has drawn initial interest from several major private equity firms, according to people familia...

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    During trading today, the Capital Goods sector (XLI) showed little change while the S&P 500 fell 0.9%.Primo Water Corporation (NASDAQ:PRMW) was a significant gainer ...

  1. KKR Acquires Gardner Denver for $3.74B

    In the latest large M&A deal in the U.S., private-equity giant KKR & Co. (NYSE:KKR) announced a $3.74 billion deal on Friday to take industrial machinery maker Gardn...

  2. KKR to acquire Gardner Denver for $3.9 billion

    Private equity firm KKR & Co LP will buy industrial machinery maker Gardner Denver Inc for $3.9 billion including debt.The offer values Gardner Denver at $76 per sha...

  3. Senate Panel to Hold Hearing on JPMorgan 'London Whale' Trades

    FBN's Diane Macedo breaks down early-morning market news.

  4. KKR To Buy Gardner Denver For $76 a Share: WSJ

    New York-based private-equity major KKR & Co. has clinched a deal to buy industrial-pump manufacturer Gardner Denver Inc. for $76 a share, The Wall Street Journal re...

  5. Exclusive: KKR close to buying Gardner Denver - sources

    Private equity firm KKR & Co LP is nearing a deal to buy industrial machinery maker Gardner Denver Inc and could announce the agreement in the next few days, two peo...

  6. KKR Nears Deal to Buy Gardner Denver

    FBN’s Shibani Joshi on reports private-equity firm KKR is near a deal to buy Gardner Denver .

  7. Exclusive: Gardner Denver -SPX talks end, no deal - source

    Industrial machinery maker Gardner Denver Inc has ended talks with SPX Corp and has invited the private equity firms that had made offers for the company to re-engag...

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