Sources: SPX Corp., KKR vie for Gardner Denver, Reuters reports

theflyonthewall.com

According to five sources, SPX Corp (SPW) is competing with KKR (KKR), Advent International and a partnership between TPG Capital and Onex to buy Gardner Denver (GDI), Reuters reports. Gardner Denver, which has a market value of about $3.3B, is expected to negotiate with the potential suitors through the end of the year, and a deal could be reached early next year, the sources have indicated.

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