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Report: Gardner Denver backs out of sale talks
Posted: 12.28.2012 at 11:16 AM
KHQA Newsdesk
Read more:  Local, State, National, Economy, Business, Community, News, Local, State, Economy, Business, Community, National, News, International, Gardner Denver, Barry Pennypacker, Michael Larsen, CEO, CFO, Further, Diane Schumacher, Board Chairperson, Gardner Denver Sale, Selling Gardner Denver, The Nominating and Corporate Governance Committee of the Board of Directors will Oversee the Search for the Next CEO, Financial Matters, Mergers and Acquisitions, Manufacturer of Highly Engineered Products, Cooper Indust

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Gardner Denver has ended talks with a potential buyer.

Reuters news service is reporting that the industrial machine maker ended talks with SPX Corporation.

Gardner Denver has restarted talks with private equity firms that made offers for the company.

The company announced in October that it was pursuing strategic alternatives, including a possible sale, amid pressure from investor ValueAct Capital.

Gardner Denver's CEO resigned suddenly in July.

Related Links
Report: Gardner Denver nearing sale
Gardner Denver mulls potential sale, merger
Gardner Denver CEO Pennypacker resigns
Gardner Denver to cut 30 jobs
Gardner Denver moving headquarters to Pennsylvania
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