QUINCY, Ill., Nov. 5 /PRNewswire/ -- Gardner Denver Machinery Inc.
(NYSE: GDI) reported that its Board of Directors has approved a three-for-two
stock split of its Common Stock, to be effected in the form of a stock
dividend, with one additional share of Common Stock to be issued on
December 29, 1997 for every two shares of Common Stock held by stockholders of
record at the close of business on December 8, 1997. Fractional shares of
Common Stock which may result from this stock split will be paid in cash.
Upon completion of the stock split, there will be approximately 15.1 million
shares of Common Stock outstanding.
Gardner Denver, with 1996 revenues of $218 million, is a leading
manufacturer of air compressor and blower products for various industrial
applications and pumps used in oil and gas production and well servicing,
drilling and stimulation. Gardner Denver's news releases are available by
fax, at no charge, by calling 800-758-5804, extension 303875, or by visiting
the Company's home page on the Internet (http://www.gardnerdenver.com).
SOURCE Gardner Denver Machinery Inc.
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CONTACT:
Helen W. Cornell, Vice President, Corporate
Secretary and Treasurer of Gardner Denver Machinery, 217-228-8209
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