Dec. 19 (Bloomberg) -- SPX Corp. is close to announcing an agreement to buy Gardner Denver, a producer of industrial air compressors, for more than $4 billion, a person familiar with the matter tells Bloomberg’s David Welch.
* SPW emerged as leader earlier this month, two people said * GDI canceled meetings with 4 PE firms, the two said * Spokesmen for GDI, SPW didn’t return calls seeking comment * NOTE: GDI valued at ~$3.7b based on today’s close * NOTE: Reuters reported yday SPW closing in on $85/shr
($4.2b) buy of GDI
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