Gardner Denver Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Kohlbe
Mar 8th 2013 10:48AM
Updated Mar 8th 2013 12:20PM
Gardner Denver Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Kohlberg Kravis Roberts & Co.
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Gardner Denver, Inc. ("Gardner Denver") (NYS: GDI) to Kohlberg Kravis Roberts & Co. L.P. for shareholders. Under the terms of the proposed transaction valued at approximately $3.7 billion, Gardner Denver shareholders will only receive $76 per share in cash for each share of stock owned, well below at least one analyst's estimated value of $85 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The Gardner Denver sale investigation centers on whether Gardner Denver's shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Gardner Denver's stock, and whether Gardner Denver's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance has estimated that the true inherent value of Gardner Denver's shares could be as high as $85 per share. Shareholder rights attorney Patrick Powers stated that "due to proposed sale price, analysts' estimates, the size of the deal and other factors, we believe this transaction may undervalue Gardner Denver's stock. Our proposed lawsuit will seek to ensure that shareholders are receiving the highest share price for their shares."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
KEYWORDS: United States North America Texas
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