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.
All content © Copyright 2000 - 2013 WorldNow and WGEM. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Donna Vancil at 217-228-6617. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.