Quincy, IL News - Journal930.com
Quincy, IL News - Journal930.com
Tuesday, Oct 6, 2015

SPX closes in on $4.2 billion Gardner Denver deal

2 years, 9 months ago by

Company stock would be sold for $85 a share

From Reuters:

Industrial machinery maker SPX Corp is closing in on a roughly $4.2 billion deal to buy rival Gardner Denver Inc, as it makes progress in securing financing, a source familiar with the matter said on Tuesday.

A deal could value Wayne, Pennsylvania-based Gardner Denver at about $85 per share, the source said. Gardner Denver's shares closed at $73.68 on Tuesday. SPX has a market value of $3.23 billion, compared to $3.62 billion for Gardner Denver.

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