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1950Brutus - Illinois State Fair officials busted for getting free beer tickets - Quincy, IL News - QuincyJournal
A promising career as a future IL gov down the commode.
qfingers - Schoenakase on WTAD\'s Mary Griffith Show - Quincy, IL News - QuincyJournal.com
I think it's disgusting that we prohibit felons from municipal office by state law but then can have felons run for state office...and congress... Is that the Peter Principle in action or what?
onehawkfan - Back pay, OT pushes Illinois government’s ‘$100,000 club’ to 7,800 members - Quinc
Guess what happens to these large salaries? They turn into large pensions!
WarCry - Schoenakase on WTAD\'s Mary Griffith Show - Quincy, IL News - QuincyJournal.com
The only prohibition I'm aware of for felons in politics here in IL is at the municipal level. From county on up, I don't believe there is any restriction. But if you decide to run, you better know that your past WILL come up, and if you don't want to talk about it, you might just want to stay home.
qfingers - Back pay, OT pushes Illinois government’s ‘$100,000 club’ to 7,800 members - Quinc
Of more interest to me are the 10 VA nurses making over $100,000 Wow....according to this the best-paid 10% made over $94,000 http://money.usnews.com/careers/best-jobs/registe... So how many VA nurses are there in total in the county?

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KKR reaches deal to buy Gardner Denver

KKR reaches deal to buy Gardner Denver

1 year, 4 months ago by Bob Gough

Private-equity firm buys company founded in Quincy for $76 a share; Deal expected to close in in the 3rd quarter of 2013

UPDATED

From Reuters:

Private equity firm KKR & Co LP (KKR.N) will buy industrial machinery maker Gardner Denver Inc (GDI.N) for $3.74 billion, four months after the company put itself up for sale.

KKR's offer of $76 per share is at a premium of 3 percent to Gardner Denver's Thursday closing price on the New York Stock Exchange. It is 39 percent above what the stock traded at in late October when the company said it was exploring a sale.

Gardner Denver, which makes compressors, pumps and vacuum products for industrial uses, decided to put itself up for sale following months of pressure from activist investor ValueAct Capital LLC, which reported a roughly 5 percent stake in July 2012.

From quincyjournal.com: Gardner Denver CEO Michael Larsen sent an e-mail to Gardner Denver's 6,400 employees this morning. Here is part of it:

"We are excited about this transaction with KKR as it recognizes the value of the highly respected brand that together we have spent so many years
building, as well as the progress we have made executing our dynamic growth strategy.  We are confident that as a private company, we will be
well-equipped to capitalize on opportunities in the recovering global markets, particularly in energy, and favorable long-term industry trends.
KKR has great respect for our company, shares our confidence in our future and is committed to continuing the Gardner Denver Way.  KKR also recognizes the importance of our employees and your engagement in the business as critical success factors.  This transaction with KKR will offer Gardner Denver employees the opportunity to be part of an experienced, robust organization with the depth of expertise that is required to sustain
success and remain on the cutting edge of our sector."


Click here for more.

Reported Thursday night From wsj.com:

KKR  & Co. has reached a deal to buy industrial-pumps manufacturer Gardner Denver Inc. for $76 a share, said a person familiar with the matter.

The New York private-equity firm and Gardner Denver are expected to make the announcement as soon as Friday, the person said.

The deal values Gardner Denver at roughly $3.74 billion. Its shares closed at $73.85 in 4 p.m. composite trading Thursday on the New York Stock Exchange, giving the company a market capitalization of about $3.63 billion.

KKR's board was meeting late Thursday night to approve the deal, the person said.

KKR had bid $75 a share for the Wayne, Pa.-based company in February and increased the offer after Gardner Denver sought a higher price.

Click here for more.


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