Gardner Denver holders approve merger with KKR for $76 per share or $3.9B

theflyonthewall.com

Gardner Denver (GDI) announced that at the special meeting of Gardner Denver shareholders, shareholders voted overwhelmingly to approve the proposed definitive merger agreement with KKR & Co. (KKR). The transaction follows a months-long review by the Gardner Denver board, including a comprehensive sale process leading up to the transaction with KKR. Approximately 97% of the shares voting at the special meeting voted in favor of the adoption of the merger agreement. Upon completion of the merger, valued at approximately $3.9B, Gardner Denver shareholders will receive $76 per share in cash from KKR for each share of Gardner Denver common stock they own as of the effective time of the merger. The companies expect the merger to be completed in late July or early August, following the satisfaction or waiver of all conditions to the merger.

View Comments (0)