KKR Strikes $3.9B Deal For Industrial-Parts Maker

Law360, New York (March 8, 2013, 3:34 PM EST) -- KKR & Co. on Friday said it had reached a deal with Gardner Denver Inc. to take the Pennsylvania-based industrial-parts maker private for $3.9 billion, including debt, two weeks after confirming rumors that it had made a formal bid.

The $76-per-share price is 39 percent higher than Gardner Denver's trading value on Oct. 24, the day before the company confirmed it had launched a sale process and hired Goldman Sachs Group Inc. to run it.

“After a thorough review of strategic alternatives to enhance shareholder value,...
To view the full article, register now.