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pjohnf - Surprise: Hillary Clinton Went Around Federal Law, Used Her Personal Email Account For Official Busi
Of course the Hillary broke federal law, she has to hide what she does and what she did. She is as corrupt as Obama and certainly as non-transparent as Obama. Neither want the American people to know what they're up to, all which is a detriment to America. How anyone could support this corrupt woman for president is beyond me.
migraine_in_qcy - Quincy Steak and Shake Closes - Quincy, IL News - QuincyJournal.com
Just because something is making money doesn't mean it's the smartest place to have your money. It's called opportunity cost. Duryea may have other opportunities where the same amount of resources will bring higher reward.
migraine_in_qcy - Quincy Steak and Shake Closes - Quincy, IL News - QuincyJournal.com
Illinois is an at-will employment state. Workers have no obligation to give 2 weeks notice, and neither do employers. Is it being considerate to give notice? Yes. Proper, maybe. With that said, it's not always possible to warn employees that the end is near. Sometimes negotiations to keep the doors open are down to the wire, and letting the information out to the public might queer the deal.
1950Brutus - Schock billed taxpayers for private plane to football game - - Quincy, IL News - QuincyJournal.com
I am sure he has enough money that he obtained via other illegal methods to repay this - after all - isn't the old saying robbing Peter to pay Paul??
WarCry - Quincy Steak and Shake Closes - Quincy, IL News - QuincyJournal.com
As far as everything I've read, Duryea's plan is to move folks to his other restaurants until he decides what he's doing with this building. I may have misread that, but it seems like he's taking care of his employees.

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KKR reaches deal to buy Gardner Denver

KKR reaches deal to buy Gardner Denver

1 year, 11 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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