December 14, 2012
12:11 EDT GDI
theflyonthewall: Gardner Denver and SPX Corp. near a merger, says dealReporter
dealReporter said SPX (SPW) is close to a deal for Gardner Denver (GDI) that would be above $4B, citing sources. The reported buy-out price is $82 or higher.
they buyout has been reported closer to $74, the company has reported they'll be looking at making a deal in the beginning of next year. wall street is smarter than all of us hence the reason the stock has been dancing around $74-$75.