Kirby McInerney LLP is investigating potential claims against the Board of Directors of Gardner Denver, Inc. (“Gardner” or the “Company”) (NYSE: GDI) related to the proposed acquisition of the Company by Kohlberg Kravis Roberts & Co. L.P (“KKR”), a private equity firm. Under the terms of the agreement, KKR will acquire Gardner for a cash purchase price of $76 per share, valuing the Company at approximately $3.9 billion. The investigation concerns whether the Gardner Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $76 per share consideration adequately values Gardner shares. The offer price represents a 39% premium to the closing price of Gardner shares the day prior to the announcement. The median analyst price target for the Company’s stock is $80, and at least one analyst has a price target for the Company’s stock of $85 per share. If you are a Gardner shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com
The ex-dividend date for Gardner Denver (NYSE:GDI) is tomorrow, June 7, 2013. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $75.33 as of 9:30 a.m., the dividend yield is 0.3%.