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Righty1 - The cost of maintaining homes where no one lives - Quincy, IL News - QuincyJournal.com
They sell tents at Wal-Mart. Based on the quality of work they do that would be to good for them.
QuincyGuy - Quincy Park Board selects Frericks as executive director - Quincy, IL News - QuincyJournal.com
I am happy for Rome also. Does the law require that all that time and money be spent to look for a new person when he was the man to start with? Just curious. All three were great picks but Rome has a lifetime of experience with this type of thing.
QuincyGuy - The cost of maintaining homes where no one lives - Quincy, IL News - QuincyJournal.com
I wish it showed a line item cost for the Gov. Mansion (utilities, security, maintenance, etc.) I doubt that Rauner would live there either. "It would be cheaper to own a Hotel/Motel in Springfield and have the elected officials stay there when in town and the other rooms would help pay for it. The sale of those homes would buy a hotel/motel".
ab123 - Quincy Park Board selects Frericks as executive director - Quincy, IL News - QuincyJournal.com
I LOVE seeing all the positive comments. Great choice made by the board. QPD is going in the right direction. Congrats Rome!
QuincyJournal - Quincy Park Board selects Frericks as executive director - Quincy, IL News - QuincyJournal.com
Frankenhoff said it was Frericks' call as to if the job was filled and who would fill it.

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KKR reaches deal to buy Gardner Denver

KKR reaches deal to buy Gardner Denver

1 year, 6 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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