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Industry, Materials & Utilities Headlines

Exclusive: KKR prepares IPO of Gardner Denver - sources

Buyout firm KKR & Co LP is preparing an initial public offering (IPO) of Gardner Denver Inc that could value the U.S. industrial machinery maker at between $6 billion and $7 billion including debt, according to people familiar with the matter.

Exclusive: China's XCMG, Brazil's OAS in joint venture talks, source says

SAO PAULO Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd [XCMGP.UL] is in talks with Brazilian engineering firm OAS SA [OAEP.UL] to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday.

Safran rejects TCI criticism of Zodiac Aero bid

PARIS France's Safran has rejected criticism by a UK hedge fund over the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and says it stands by its plans to acquire the seats manufacturer.

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Trump vows military build-up, hammers nationalist themes

NATIONAL HARBOR, Md./WASHINGTON President Donald Trump said he would make a massive budget request for one of the "greatest military buildups in American history" on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists. | Video