Gardner Denver gives potential buyers deadline - WGEM.com: Quincy News, Weather, Sports, and Radio

Gardner Denver gives potential buyers deadline

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Wayne, Pa. -

The sale of Gardner Denver could come soon after company officials gave potential buyers a deadline to submit bids.

WGEM business partner Bloomberg is reporting that Gardner Denver advisor, Goldman Sachs Group Inc., gave potential buyers a Feb. 21 deadline.

There are still multiple investors interested including Advent International Corp., KKR & Co. and the duo of Onex Corp. and TPG Capital . Advent has stepped back from negotiations, however, and will reportedly only consider an offer if the other bids fall through.

Private equity firm CCMP Capital Advisors LLC recently threw a hat in the race, as well.

SPX Corp. was in exclusive talks to buyout the company valued at $3 billion late last year, but the deal fell through due to shareholder concerns. 

 

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