An investigation on behalf of investors of Gardner Denver Holdings, Inc. (NYSE: GDI) in connection with the proposed takeover was announced and NYSE: GDI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/10/2019 -- An investigation was announced concerning whether the takeover of Gardner Denver Holdings, Inc. is unfair to NYSE: GDI stockholders.
Investors who purchased shares of Gardner Denver Holdings, Inc. (NYSE: GDI) and currently hold any of those NYSE: GDI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Gardner Denver Holdings, Inc. breached their fiduciary duties owed to NYSE: GDI investors in connection with the proposed acquisition.
Milwaukee, WI based Gardner Denver Holdings, Inc. provides mission-critical flow control and compression equipment; and associated aftermarket parts, consumables, and services in the United States, Europe, the Middle East, Africa, and the Asia Pacific. On April 30, 2019, Gardner Denver Holdings, Inc. (NYSE:GDI) and Ingersoll-Rand plc (NYSE:IR) announced that they have entered into an agreement pursuant to which Ingersoll Rand will separate its Industrial segment ("Ingersoll Rand Industrial") by way of a spin-off to Ingersoll Rand's shareholders and then combine it with Gardner Denver, creating a global leader in mission-critical flow creation and industrial technologies ("IndustrialCo").
However, given that NYSE: GDI shares traded on April 29, 2019 in the open market at $32.55 per share and that at least one analyst has set the high target rpcie for NYSE: GDI shares at $50.00 per share, the
investigation concerns whether the offer is unfair to Gardner Denver Holdings, Inc. (NYSE: GDI stockholders. More specifically, the investigation concerns whether the Gardner Denver Holdings, Inc. (NYSE: GDI Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Gardner Denver Holdings, Inc. reported that its annual Total Revenue rose from over $2.37 billion in 2017 to over $2.68 billion in 2018 and that its Net Income increased from $18.50 million in 2017 to $269.4 million in 2018.
Shares of Gardner Denver Holdings, Inc. (NYSE: GDI) closed on June 7, 2019 at $33.63 per share.
Those who are current investors in Gardner Denver Holdings, Inc. (NYSE: GDI) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.