(Reuters) – Private equity firm KKR & Co LP is nearing a deal to buy industrial machinery maker Gardner Denver Inc and could announce the agreement in the next few days, two people familiar with the matter said on Monday.
The two parties have been negotiating a final deal price and other last-minute details over the past week, after KKR bid $75 per share, or nearly $3.7 billion, for Gardner Denver, on Feb. 21, the people said.
Shares of Gardner Denver, which were down 1 percent on Monday before the news, rose 3.6 percent to $73.62 on the New York Stock Exchange, valuing the company at around $3.6 billion.
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