$3.9B KKR Buyout of Gardner Denver Wins Shareholder OK

Law360, New York (July 17, 2013, 12:46 PM EDT) -- Shareholders of Pennsylvania-based industrial equipment maker Gardner Denver Inc. overwhelmingly approved a $3.9 billion buyout by KKR & Co. LP at a meeting Tuesday evening, paving the way for a close in the next several weeks.

Roughly 97 percent of shares voted in favor of the buyout, the equipment manufacturer said in a brief statement Tuesday night. KKR's buyout deal, first announced in February, will give Gardner Denver shareholders $76 per share in cash. 

“We are pleased with the overwhelming support from our shareholders for the...
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