SINGAPORE - Some Asian stock markets rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a 5-1/2 year high and staying firm as the Bank of Japan stood pat after unleashing massive stimulus last month.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Gardner Denver's board to consider KKR offer on Monday: source
NEW YORK |
NEW YORK (Reuters) - The board of Gardner Denver Inc (GDI.N) plans to meet on Monday to review private equity firm KKR & Co LP's (KKR.N) $3.7 billion offer for the industrial machinery maker, a person familiar with the matter said on Friday.
Several of Gardner Denver's top shareholders, including ValueAct Holdings LP, have indicated to the company's management that they would support KKR's $75 per share offer, which was submitted on Thursday, the person said.
Wayne, Pennsylvania-based Gardner Denver and ValueAct did not immediately respond to a request for comment. KKR declined to comment.
Earlier on Friday, Gardner Denver forecast 2013 results below analysts' expectations as demand for its engineered products such as petroleum and industrial pumps remained weak.
(Reporting by Greg Roumeliotis in New York; Editing by Leslie Adler)
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