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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (50866)	2/21/2013 8:40:22 PM
From: E_K_S	1 Recommendation Read Replies (1) \| Respond to of 78700

Re: GDI Buy Out offer by KKR - KKR makes $3.7 billion bid for Gardner Denver -sources Private equity firm KKR & Co LP has submitted an offer of $75 per share for Gardner Denver Inc, valuing the industrial machinery maker at close to $3.7 billion, two people familiar with the matter said on Thursday. The offer, submitted late on Thursday to meet a 1700 Eastern Time deadline, puts KKR in the pole position to buy the Wayne, Pennsylvania-based company, after sources told Reuters that other private equity bidders have abandoned the process. Not sure the company will accept as it is on the low end but the value is there. I will continue to hold my few shares and see how it plays out. EKS