QUINCY, Ill., May 2 /PRNewswire-FirstCall/ -- Gardner Denver, Inc.
(NYSE: GDI) announced today that the Company's stockholders approved an
increase in the number of authorized shares of common stock from 50 million
to 100 million. This increase in shares will allow the Company to complete
the previously announced two-for-one stock split to be effected in the form
of a 100% stock dividend. As a result, stockholders of record at the close
of business on May 11, 2006 will receive one share of the Company's common
stock for each share owned on that date. The distribution will occur after
the close of business on June 1, 2006. The stock split is expected to
increase the number of outstanding shares of common stock from
approximately 26 million to approximately 52 million shares.
Gardner Denver, Inc., with 2005 revenues of $1.2 billion ($1.4 billion
on a pro forma basis including the acquisition of Thomas Industries, which
was completed in July 2005), is a leading worldwide manufacturer of
reciprocating, rotary and vane compressors, liquid ring pumps and blowers
for various industrial and transportation applications, pumps used in the
petroleum and industrial markets, and other fluid transfer equipment
serving chemical, petroleum, and food industries. Gardner Denver's news
releases are available by visiting the Investor Relations page on the
Company's website ( http://www.gardnerdenver.com ).
SOURCE Gardner Denver, Inc.
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Related links:
http://www.gardnerdenver.com
http://www.prnewswire.com/comp/303875.html/
CONTACT:
Helen W. Cornell, Vice President, Finance and
CFO of Gardner Denver, Inc., +1-217-228-8209
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