The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Gardner Denver, Inc., (“Gardner” or the “Company”) (NYSE: GDI) and other violations of state law by the board of directors of Gardner relating to the proposed buyout of the Company by private equity firm Kohlberg Kravis Roberts & Co. L.P. (“KKR”). The firm’s investigation seeks to determine, among other things, whether Gardner’s board of directors breached their fiduciary duties by failing to maximize shareholder value.
As stated in the press release announcing the proposed buyout, Gardner shareholders will receive $76.00 in cash for each share of Gardner they own. The transaction is being valued at $3.9 billion, including the assumption of debt. According to Yahoo! Finance, the high analyst price target is $85.00 per Gardner share.
If you currently own common stock of Gardner and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at
, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.