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News Breaks | | | | February 22, 2013 | | 13:48 EDT |  | GDI, KKR | ValueAct Capital supports sale of Gardner Denver
ValueAct Capital, holder of 5.1% of the common shares of Gardner Denver (GDI), announced that it supports a sale of the company to KKR & Co. (KKR) for $75 per share in cash. A $75 per share offer represents a 44% premium to the stock price as of July 26th, the date of ValueAct Capital's letter to the Board encouraging a sale of the company. "ValueAct Capital is pleased to learn that the management and Board of Directors of Gardner Denver have likely secured for their shareholders an all-cash offer of $75 per share," stated Greg Spivy, a Partner at ValueAct Capital. "In our view, this offer should be considered a successful culmination of Gardner Denver's sale process and a wonderful result for all shareholders. We strongly encourage the Board to accept this offer." The offer implies a forward multiple of over 9x EBITDA, which is consistent with recent transactions in the industry. "The Board and management of the company should be applauded for their efforts in positioning the company to deliver this value in cash to all its shareholders," Spivy added. | |
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News For GDI;KKR From The Last 14 Days Check below for free stories on GDI;KKR the last two weeks. |
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| June 18, 2013 | | 10:49 EDT |  | KKR | Siemens seeks private equity offers for Nokia Siemens Networks, Reuters says
 Subscribe for More Information | | | June 14, 2013 | | 07:23 EDT | | KKR | Siemens considers deal for Nokia Siemens, WSJ reports
Subscribe for More Information | | | June 12, 2013 | | 07:21 EDT |  | KKR | The NYSSA to host a conference
23rd Annual High Yield Bond Conference is being held in New York on June 12. | | | June 6, 2013 | | 08:41 EDT |  | KKR | KKR & Co. volatility stays flat as shares trend lower
KKR & Co. overall option implied volatility of 30 is near its 26-week average of 29 according to Track Data, suggesting non-directional price movement. | | | 07:15 EDT |  | KKR | KKR & Co. Apollo Global should be bought at current levels, says Oppenheimer
Subscribe for More Information | | | 05:36 EDT | | KKR | KKR acquires UK retail park property, terms not disclosed
Subscribe for More Information | | | June 5, 2013 | | 07:34 EDT | | KKR | Keefe Bruyette to host a conference
Asset Management Conference is being held in New York on June 5 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link | |
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