Member access

4-Traders Homepage  >  Shares  >  Nyse  >  KKR & Co. L.P.    KKR   US48248M1027

KKR & CO. L.P. (KKR)

22
Delayed Quote. Delayed Nyse - 09/15 04:01:29 pm
22.62 USD   -0.53%
2h ago KKR : Extends Financing to GMR Holdings
6h ago KKR : Pioneer and KKR Agree to Pioneer DJ Share Purchase
1d ago KKR : Completes Acquisition of Goodpack Limited
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

KKR Confirms $3.74 Billion Deal to Buy Gardner Denver

03/07/2013 | 08:26pm US/Eastern
Recommend:
0

Gardner Denver Inc. (>> Gardner Denver, Inc.) and Kohlberg Kravis Roberts & Co. confirmed the industrial-pumps manufacturer has agreed to be acquired for roughly $3.74 billion.

The New York private-equity firm will pay $76 for each Gardner Denver share, a 2.9% premium to Thursday's close. Shares were recently trading 1.4% higher at $74.91 premarket. The stock has climbed 7.8% since the start of the year.

The deal values Gardner Denver at about $3.9 billion, including the assumption of debt.

KKR had bid $75 a share for the Wayne, Pa.-based company in February and increased the offer after Gardner Denver sought a higher price.

For KKR, the deal would mark the buyout firm's third purchase in the industrials space in the past few years. KKR agreed in April 2011 to acquire Capsugel, a unit of pharmaceutical giant Pfizer Inc. (>> Pfizer Inc.) that makes drugs in capsule form. Later that year, KKR agreed to acquire Capital Safety Inc., a large provider of safety products and equipment for construction and other workers.

KKR ended up being the only serious suitor for Gardner Denver in an up-and-down sales process that dragged on in recent months.

Gardner Denver, which employs about 6,400 people and posted sales of about $2.4 billion last year, pursued a deal with rival SPX Corp. (>> SPX Corporation) late last year after garnering interest from a number of private-equity firms. SPX offered $4 billion for the company but later dropped the bid amid negative reactions from shareholders.

Write to Melodie Warner at melodie.warner@dowjones.com

Order free Annual Report for Gardner Denver Inc.

Visit http://djnewswires.ar.wilink.com/?link=GDI or call 1-888-301-0513

Stocks mentioned in the article : Gardner Denver, Inc., SPX Corporation, Pfizer Inc.
Recommend :
0
React to this article
Latest news on KKR & CO. L.P.
2h ago KKR : Extends Financing to GMR Holdings
6h ago KKR : Pioneer and KKR Agree to Pioneer DJ Share Purchase
1d ago KKR : Completes Acquisition of Goodpack Limited
5d ago KKR : and NEINVER Establish a Joint Venture to Acquire Two Retail Centres in Spa..
7d ago MARIO GABELLI : Mario Gabelli Thinks He Did A Pretty Good Job Last Year
09/08 KKR : Papresa Stabilised under New Ownership
09/08 Carlyle raises $3.9 billion for private equity's second biggest Asia fund
09/07 Carlyle raises $3.9 billion for fourth Asia investment fund
09/04 FUJIAN SUNNER DEVELOPMENT : Brings in KKR as Strategic Investor
09/03 KKR : Leads $90M Equity Investment in Savant®
Advertisement
Chart
Duration : Period :
KKR & Co. L.P. Technical Analysis Chart | KKR | US48248M1027 | 4-Traders
Income Statement Evolution
KKR _ Co. L.P. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF