Press release from Business Wire
Zeldes & Haeggquist, LLP Announces Investigation of Gardner Denver, Inc. Acquisition by KKR
Tuesday, April 09, 2013
Zeldes & Haeggquist, LLP Announces Investigation of Gardner Denver, Inc. Acquisition by KKR09:30 EDT Tuesday, April 09, 2013
SAN DIEGO (Business Wire) -- Zeldes & Haeggquist, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into possible legal claims against the board of directors of Gardner Denver, Inc. (“Gardner Denver”) (NYSE: GDI) regarding possible breaches of fiduciary duties and other violations of law related to Gardner Denver's entry into an agreement to be acquired by Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) (NYSE: KKR) in a transaction valued at approximately $3.9 billion, including the assumption of debt.
Zeldes & Haeggquist's investigation concerns whether Gardner Denver's Board of Directors failed to adequately shop Gardner Denver to obtain the best possible value for Gardner Denver's shareholders before entering into an agreement with KKR. Under the terms of the proposal, public shareholders of Gardner Denver will receive $76.00 per share in cash for each share of Gardner Denver they own. According to Yahoo! Finance, at least one analyst has set a price target for Gardner Denver stock at $85.00 per share.
If you own common stock of Gardner Denver and purchased your shares before March 8, 2013, and would like additional information regarding this investigation, or if you have information regarding the matters under investigation, please contact attorney Aaron M. Olsen or Amber L. Eck at 619-342-8000, or by email at email@example.com or firstname.lastname@example.org.
Zeldes & Haeggquist is a full-service law firm which brings major class actions nationwide on behalf of defrauded investors and consumers and handles a variety of complex business litigation matters. Please visit www.zhlaw.com for more information.
Zeldes & Haeggquist, LLP
Aaron M. Olsen, 619-342-8000
Amber L. Eck, 619-342-8000