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Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Thu., Apr. 18, 1:03 AM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #81. KKR Gardner Denver

Acquirer: KKR (KKR)
Acquiree: Gardner Denver (GDI)
Details: Gardner Denver, Inc. (NYSE: GDI) and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR") today announced that the companies have entered into a definitive merger agreement in a transaction valued at approximately $3.9 billion, including the assumption of debt. Under the terms of the merger agreement, KKR will acquire all of the outstanding shares of Gardner Denver common stock for $76 per share in cash. This price represents a premium of approximately 39 percent to Gardner Denver's share price on October 24, 2012, the day before the Company confirmed that it had begun to explore strategic alternatives. The merger is subject to approval from Gardner Denver's shareholders, regulatory approvals and other customary closing conditions. The Board of Directors of Gardner Denver unanimously approved the merger agreement and recommends that Gardner Denver shareholders vote in favor of the transaction. The transaction is currently expected to close in the third quarter of 2013.

KKR & Co. is a holding company. Through its subsidiaries, Co. is an investment firm that provides alternative asset management as well as capital markets and insurance solutions. Co. sponsors investment funds that invest in private equity, credit and real assets and has partners that manage hedge funds. Co. operates through two reportable segments: asset management; and insurance. In its asset management business, Co. has five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets, and Principal Activities. Co.'s insurance business is operated by Global Atlantic Financial Group LLC, which is a retirement and life insurance company.

KKR SEC Filing Email Alerts Service

Preferreds: KFN.PR, KKR.PRA, KKR.PRB, KKR.PRC



Open the KKR Page at The Online Investor »

KKR & Co. is a holding company. Through its subsidiaries, Co. is an investment firm that provides alternative asset management as well as capital markets and insurance solutions. Co. sponsors investment funds that invest in private equity, credit and real assets and has partners that manage hedge funds. Co. operates through two reportable segments: asset management; and insurance. In its asset management business, Co. has five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets, and Principal Activities. Co.'s insurance business is operated by Global Atlantic Financial Group LLC, which is a retirement and life insurance company.

KKR SEC Filing Email Alerts Service

Preferreds: KFN.PR, KKR.PRA, KKR.PRB, KKR.PRC



Open the GDI Page at The Online Investor »

Company Name:  KKR & Co Inc
Website:  www.kkr.com
Sector:  Investment Brokerages
Number of ETFs Holding KKR:  51
Total Market Value Held by ETFs:  $4.60B
Total Market Capitalization:  $84.82B
% of Market Cap. Held by ETFs:  5.42%
Company Name:  Gardner Denver Holdings Inc
Website:  www.gardnerdenver.com
Sector:  Industrial Machinery & Equipment
 

April 18, 2024    1:03 AM Eastern
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