Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, February 21, 2013

Market Chatter-Corporate finance press digest, (NYSE: GDI)

The following corporate finance-related stories were reported by media: * Private equity firm KKR & Co LP has submitted an offer of $75 per share for Gardner Denver Inc, a person familiar with the matter said on Thursday, valuing the industrial machinery maker at close to $3.7 billion.* A court in Rome ruled on Thursday the Italian government's plan to lend 3.9 billion euros to troubled lender Banca Monte dei Paschi di Siena can go ahead, a source close to the matter told Reuters.

Gardner Denver, Inc. (Gardner Denver) designs, manufactures and markets engineered industrial machinery and related parts and services. Shares of GDI traded higher by 1.34% or $0.89/share to $67.47. In the past year, the shares have traded as low as $45.54 and as high as $76.57. On average, 1135930 shares of GDI exchange hands on a given day and today's volume is recorded at 2641486.