KKR Lobs $3.7B Bid At Equipment Maker Gardner Denver

Law360, New York (February 22, 2013, 3:43 PM EST) -- Private equity titan KKR & Co. LP is closing in on the takeover of industrial equipment manufacturer Gardner Denver Inc., a source confirmed Friday, one day after media reports swirled that the the firm had leveled a buyout proposal worth $3.7 billion.

A person familiar with the talks confirmed to Law360 that the bid was in place, but did not list the price tag attached to it. The Wall Street Journal, citing unnamed sources close to the negotiations, pegged the proposal at around $75 per share...
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