Active Morning Gainers: Gardner Denver (NYSE:GDI) and CITI (NYSE:C)

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Industrial pump manufacturer Gardner Denver (NYSE:GDI) reported on Friday that it has decided to sell itself to Kohlberg Kravis Roberts & Co. for almost $3.73 billion.
According to the terms of the deal, the New York-based private equity firm would purchase the Wayne, Pa.-based firm (GDI) in a bid of $76 per share.
That shows a 3 percent premium over the firm’s Thursday ending stock price and a 39 percent premium over its ending stock price on Oct. 24, the day ahead of its declaration that it was thinking over a possible sale.
The firm’s valued the agreement at $3.9 billion containing the assumption of debt.

How Gardner Denver stock price reacted after deal? Find in this report

In past few weeks, Gardner Denver (GDI) shares have rallied on media news that KKR had made a bid for the firm.
Citi (NYSE:C) and the Citi Foundation on Friday declared support for two plans with an objective to progress the financial addition and economic empowerment of women all over the world.

What Citigroup has come up for Women’s? Find out here

The Citi Foundation and Citi Women have released a Vital Voices program to link a global network of women business leaders with women entrepreneurs to enhance their small and medium enterprises (SMEs) and promote broader economic opportunity.
Operating with Women’s World Banking (WWB), the Citi Foundation also declared its support for the Women in Leadership program launched by WWB’s Center for Microfinance Leadership.

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