Block & Leviton LLP Investigates Gardner Denver, Inc. for Possible Breaches of Fiduciary Duty in Connection with Its Potential Acquisition by SPX Corporation

Wed Dec 19, 2012 4:22pm EST

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BOSTON,  Dec. 19, 2012  /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com),
a  Boston-based law firm representing investors nationwide, has commenced an
investigation into possible breaches of fiduciary duty by the Board of Directors
of Gardner Denver, Inc. ("Gardner Denver" or the "Company") (NASDAQ: GDI)
concerning the discussed acquisition of the Company by SPX Corporation ("SPX")
(NYSE: SPW).   

News reports have estimated that the deal would be valued at approximately 
$85.00  for each Gardner Denver share owned.  A transaction price of  $85.00 
per share represents a paltry 15% premium over the Company's share price prior
to the most recent news reports.  Moreover, the proposed price of  $85.00  per
share represents a premium of just 1% over the Company's 12-month high.  Not
surprisingly, the mean consensus amongst analysts is that the Company's stock
price will "outperform" current estimates.   

Block & Leviton's investigation seeks to determine, among other things, whether
Gardner Denver's Directors would be breaching their fiduciary duties by failing
to maximize shareholder value if the potential acquisition by SPX is
consummated.   

If you are a Gardner Denver shareholder and have questions about your legal
rights, or if you have information relevant to this investigation, please
contact attorney  Philip J. Marino, at (617) 398-5600 or email him at 
Philip@blockesq.com. 

Block & Leviton is a  Boston-based law firm representing investors nationwide
for violations of securities laws.  The firm's lawyers have collectively been
prosecuting securities cases on behalf of investors for over 50 years.  This
notice may constitute attorney advertising.

Contact:  

BLOCK & LEVITON LLP  

Philip J. Marino, Esq.

Philip@blockesq.com

(617) 398-5600

SOURCE  Block & Leviton LLP
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