Gardner Denver drops after Reuters says talks end with SPX Shares of Gardner Denver (GDI) are falling after Reuters reported the company's takeover talks with SPX Corp. (SPX) have ended. Gardner Denver asked private equity firms that made offers for the company for meetings early next month, Reuters added. Shares of Gardner Denver (GDI) are down 10%, or $7.64, to $67.90 following the report, while SPX Corp. rose 2% to $66.41.
SPX Corp. downgraded to Market Perform from Outperform at FBR Capital FBR Capital downgraded SPX Corp. to Market Perform with a $99 price target following the company's Q3 results. Shares were also downgraded this morning at Goldman Sachs.