SOURCE: Gardner Denver Inc.
WAYNE, PA--(Marketwire - Jul 27, 2012) - Gardner Denver, Inc. (NYSE: GDI) today confirmed receipt of a letter from ValueAct Capital, which it filed as a Schedule 13D/A with the Securities and Exchange Commission.
Gardner Denver issued the following statement:
"The Gardner Denver Board of Directors and management team are committed to acting in the best interests of the Company and all its shareholders, and we regularly engage with our shareholders. The Board, in consultation with the Company's financial and legal advisors, will carefully review and consider ValueAct's letter."
Gardner Denver, Inc., with 2011 revenues of approximately $2.4 billion, is a leading worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denver's news releases are available by visiting the investors section on the company's website (www.GardnerDenver.com).
All of the statements in this release, other than historical facts, are forward-looking statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company. The actual future performance of the Company could differ materially from such statements. Risks that could cause results to differ materially from those matters expressed in or implied by such forward-looking statements are set forth under "Risk Factors" in the Company's Form 10-K for the fiscal year ended December 31, 2011. The Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future.