Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Gardner Denver's board to consider KKR offer on Monday: source
NEW YORK |
NEW YORK (Reuters) - The board of Gardner Denver Inc (GDI.N) plans to meet on Monday to review private equity firm KKR & Co LP's (KKR.N) $3.7 billion offer for the industrial machinery maker, a person familiar with the matter said on Friday.
Several of Gardner Denver's top shareholders, including ValueAct Holdings LP, have indicated to the company's management that they would support KKR's $75 per share offer, which was submitted on Thursday, the person said.
Wayne, Pennsylvania-based Gardner Denver and ValueAct did not immediately respond to a request for comment. KKR declined to comment.
Earlier on Friday, Gardner Denver forecast 2013 results below analysts' expectations as demand for its engineered products such as petroleum and industrial pumps remained weak.
(Reporting by Greg Roumeliotis in New York; Editing by Leslie Adler)
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