After a sales process that has dragged on for months, KKR (KKR) has reportedly agreed to acquire...

|About: KKR (KKR)|By:, SA News Editor

After a sales process that has dragged on for months, KKR (KKR) has reportedly agreed to acquire Gardner Denver (GDI) for $76 a share, or 2.9% above the latter's closing price of $73.85 yesterday. The deal values the industrial-pumps manufacturer at $3.74B; it would be KKR's third purchase of a company in the industrial sector in the past few years.