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.
05/23 OPTIV SECURITY : Enhances Third-Party Risk Intelligence Capabilities to Address ..
05/19 KKR L P : C.H.I. Overhead Doors Distributes Equity Dividend Proceeds to All Empl..
05/18 KKR L P : Optiv Evantix Wins 2017 IT World Award® in Information Security and Ri..
05/18 Japan fund, likely Toshiba chip unit investor, to raise $2.7 billion
05/16 Japan urges Toshiba, Western Digital to get along as chip spat flares
05/16 Japan urges Toshiba, Western Digital to get along as chip spat flares
05/12 KKR L P : Gardner Denver Marks First Day of Trading on New York Stock Exchange b..
05/12 KKR L P : Ultra-Wealthy Investors Facing Lower Returns Ahead, KKR Says
05/11 KKR Real Estate Finance Trust Inc. Announces Pricing of its Initial Public Of..
05/10 KKR : Finds Ultra High Net Worth Investor Coming of Age
More news
Sector news : Investment Management
12:58p EXCLUSIVE : Fidelity may back climate resolutions, a milestone for activists
11:50a ABERDEEN ASSET MANAGEMENT : to move jobs from UK if euro clearing shifts
08:48aDJBLACKROCK : Uses Big Data to Deploy Ads -- WSJ
08:48aDJBig Investors Weigh Rebuking Exxon on Climate -- WSJ
05/25 FTSE steady near highs but Petrofac, Acacia slump on probe woes
More sector news : Investment Management
News from SeekingAlpha
05/19 Why Western Digital Will Win Its Shotgun Divorce With Toshiba
05/15 WALL STREET BREAKFAST : Cybersecurity Stocks In Focus
05/15 Western Digital takes Toshiba to arbitration
05/11 WildHorse to buy Eagle Ford acreage from Anadarko, KKR for $625M
05/09 Pandora trims losses on belief it can sell in 30 days
Advertisement
Financials ($)
Sales 2017 1 261 M
EBIT 2017 1 873 M
Net income 2017 1 443 M
Debt 2017 -
Yield 2017 3,64%
P/E ratio 2017 10,83
P/E ratio 2018 8,35
Capi. / Sales 2017 12,1x
Capi. / Sales 2018 11,7x
Capitalization 15 194 M
More Financials
Chart KKR & CO. L.P.
Duration : Period :
KKR & Co. L.P. Technical Analysis Chart | KKR | US48248M1027 | 4-Traders
Full-screen chart
Technical analysis trends KKR & CO. L.P.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 21,7 $
Spread / Average Target 16%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Henry R. Kravis Co-Chairman & Co-Chief Executive Officer
George Rosenberg Roberts Co-Chairman & Co-Chief Executive Officer
William Joseph Janetschek Chief Financial Officer
Joseph A. Grundfest Independent Director
Robert W. Scully Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
KKR & CO. L.P.21.77%15 194
BLACKSTONE GROUP LP20.35%38 905
LEGAL & GENERAL GROUP ..1.82%19 336
T. ROWE PRICE GROUP IN..-7.44%16 807
AMUNDI S.A.30.75%14 246
HARGREAVES LANSDOWN PL..14.34%8 583
More Results