Kohlberg Kravis Roberts has signed a definitive agreement to acquire Gardner Denver (NYSE: GDI) in a transaction valued at approximately $3.9 billion, including the assumption of debt. KKR will acquire all outstanding shares of the company for $76 per share, a 39% premium over the stock's last price before talks about strategic alternatives were confirmed. Gardner Denver manufactures highly-engineered products like compressors, liquid ring pumps and blowers for a variety of industries, including industrial, medical, environmental and transportation. Providing debt financing for the acquisition are UBS, Barclays, Citigroup, Deutsche Bank, RBC Capital Markets, Mizuho and KKR Capital Markets. The deal is expected to close in the third quarter of 2013.