Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

KKR Submits Gardner Denver Bid

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 06:16am CEST

KKR & Co. (>> KKR & Co. L.P.) on Thursday bid about $3.7 billion for industrial pumps manufacturer Gardner Denver Inc. (>> Gardner Denver, Inc.), according to a person familiar with the matter, capping a hot-and-cold sales process that looked more promising for the company a year ago.

The private-equity firm appeared to be the only suitor lobbing in a bid ahead of a Thursday deadline for offers. Other firms, including TPG, Onex Corp. and CCMP Capitol Advisors showed some interest in Gardner Denver, but they proved less interested than KKR, people familiar with the matter have said.

At $75 per share, KKR's bid is a roughly 11% premium to Thursday's closing price of $67.47.

A Gardner Denver spokesman declined to comment.

Several buyout firms put in offers for Gardner Denver late last year, but the company set them aside to negotiate a deal with rival SPX Corp. (>> SPX Corporation), which was offering closer to $4 billion for the company, other people familiar with the matter said. SPX dropped its bid amid negative reaction from shareholders, after which Gardner Denver restarted talks with buyout firms, those people said.

Gardner Denver is set to report earnings results on Friday. In the third quarter, the company's revenue fell 11% from the same period a year earlier to $548 million, and its profit declined 13% to $64 million.

Shares have been trading higher since last summer when the company announced it was considering a sale, though they dipped this week on news that interest in the company was waning.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : KKR & Co. L.P., Gardner Denver, Inc., SPX Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KKR & CO. L.P.
08/14 KKR L P : The Rebirth of Japan Inc. USA Today
08/14 China's Fosun, Shanghai Pharma say bid for stake in U.S. drugmaker Arbor
08/11 Banks picked for float of French fashion company behind Sandro, Maje - source..
08/11 KKR : Strengthens China Capabilities with Shanghai Office Opening
08/09 KKR L P : Announcement Regarding Progress Toward Conducting the Tender Offerfor ..
08/08 ENVISION HEALTHCARE : to sell ambulance business to KKR in $2.4 billion deal
08/08 KKR : To Acquire Covenant Surgical Partners
08/03 KKR REAL ESTATE FINANCE TRUST INC. : to Announce Second Quarter 2017 Results
08/03 KKR L P : Releases 2016 ESG and Citizenship Update
08/03 KKR & CO. L.P. : ex-dividend day
More news
News from SeekingAlpha
08/10 BLOOMBERG : NRG Energy renewable asset sale attracts several suitors
08/08 Envision to sell ambulance business to KKR for $2.4B
08/02 KKR declares $0.17 dividend
08/02 KKR-controlled company to acquire PharMerica for $1.4B
08/01 33 Stocks For August 2017
Financials ($)
Sales 2017 1 383 M
EBIT 2017 2 091 M
Net income 2017 1 443 M
Debt 2017 -
Yield 2017 3,70%
P/E ratio 2017 10,69
P/E ratio 2018 8,06
Capi. / Sales 2017 10,8x
Capi. / Sales 2018 10,8x
Capitalization 15 006 M
Chart KKR & CO. L.P.
Duration : Period :
KKR & Co. L.P. Technical Analysis Chart | KKR | US48248M1027 | 4-Traders
Technical analysis trends KKR & CO. L.P.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 23,3 $
Spread / Average Target 27%
EPS Revisions
Managers
NameTitle
Henry R. Kravis Co-Chairman & Co-Chief Executive Officer
George Rosenberg Roberts Co-Chairman & Co-Chief Executive Officer
Joseph Yong Bum Bae Co-President, Co-COO & Director
Scott Charles Nuttall Co-President, Co-COO & Director
William Joseph Janetschek Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
KKR & CO. L.P.19.95%15 072
BLACKSTONE GROUP LP19.35%38 653
LEGAL & GENERAL10.30%20 745
T. ROWE PRICE GROUP INC11.48%20 166
AMUNDI38.49%15 873
HARGREAVES LANSDOWN11.21%8 250