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Case Status:    DISMISSED    
On or around 02/18/2020 (Notice of voluntarily dismissal)

Filing Date: January 30, 2020

According to the Complaint, Gardner Denver Holdings, Inc. is a leading global provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services, which the Company sells across multiple attractive end-markets within the industrial, energy, and medical industries.

On April 30, 2019, Gardner Denver Holdings, Inc.’s Board of Directors caused the Company to enter into an agreement and plan of merger with Ingersoll-Rand plc. Pursuant to the terms of the Merger Agreement, Defendants will combine Gardner Denver with the industrial segment of Ingersoll-Rand, and Gardner Denver will issue shares of common stock such that Ingersoll-Rand’s stockholders will own approximately 50.1% of the Company’s common stock, while the Company’s stockholders will own only approximately 49.9%.

On January 16, 2020, Defendants filed a proxy statement/prospectus with the United States Securities and Exchange Commission, which scheduled a stockholder vote on the Proposed Transaction for February 21, 2020. The Complaint alleges that the Prospectus omits material information with respect to the Proposed Transaction, which renders the Prospectus false and misleading.

This case was voluntarily dismissed on February 18, 2020.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Constr. & Agric. Machinery
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GDI
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 20-CV-00145
JUDGE: Hon. Colm F. Connolly
DATE FILED: 01/30/2020
CLASS PERIOD START: 04/30/2019
CLASS PERIOD END: 01/30/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available