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If you purchased shares of the Gardner Denver, Inc. (NYSE:GDI) and currently hold any of those NYSE:GDI shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
March 8, 2013 (Update) -- On March 8, 2103, Gardner Denver, Inc. (NYSE: GDI) and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates) announced that the companies have entered into a merger agreement in a transaction valued at approximately $3.9 billion, including the assumption of debt. Under the terms of the merger agreement, Kravis Roberts & Co. L.P. will acquire all of the outstanding shares of Gardner Denver common stock for $76 per share in cash.
Gardner Denver said that the offer represents a premium of approximately 39 percent to Gardner Denver's share price on October 24, 2012, the day before the Company confirmed that it had begun to explore strategic alternatives.
Feb. 21, 2013 (Shareholders Foundation) -- An investigation on behalf of investors in Gardner Denver, Inc. (NYSE:GDI) shares was announced concerning whether a takeover of Gardner Denver would be unfair to investors in NYSE:GDI shares.
The investigation by a law firm is at an early stage and concerns whether a potential takeover would be unfair to NYSE:GDI investors.
On Feb. 22, 2013, several media outlets reported that KKR & Co LP made an offer to the board of Gardner Denver, Inc. to acquire Gardner Denver, Inc. at $75 per share.
However, given that at least one analyst has set the high target price for NYSE:GDI shares at $80.00 per shares and that NYSE:GDI shares traded in July 2011 as high as $91.50 per share, the investigation a law firm concerns whether the Gardner Denver Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.
Gardner Denver, Inc. (NYSE:GDI) reported that its annual Total Revenue rose from over $1.77 billion in 2009 to over $2.37 billion in 2011 and its Net Loss of $165.19 million in 2009 turned into a Net Income of $277.56 million in 2011.
Shares of Gardner Denver, Inc. (NYSE:GDI) grew from as low as $18.10 per share in March 2009 to as high as $91.50 per share in July 2011.
