That came after the company's August announcement that it would restructure its business to improve its profitability by consolidating manufacturing facilities and cutting staff. In recent weeks, Gardner Denver shares have jumped on media reports that KKR had made a bid for the company. The deal has been approved by Gardner Denver's board, but remains subject to shareholder and regulatory approvals. It's expected to close in the third quarter. Shares of Gardner Denver Inc. rose 86 cents to $74.71 in morning trading Friday.