NEW YORK Feb 22 The board of Gardner Denver Inc
plans to meet on Monday to review private equity firm
KKR & Co LP's $3.7 billion offer for the industrial
machinery maker, a person familiar with the matter said on
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
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.