Wayne firm for sale after activist buys in: report

"Industrial machinery maker Gardner Denver Inc (GDI.N) is exploring a sale and has drawn initial interest from several major private equity firms, according to people familiar with the matter, in a deal that would top $3 billion," reports Reuters here.

The report follows the sudden resignation in July of Gardner Denver boss Barry Pennypacker, who had moved the company headquarters to suburban Philadelphia, after activist investor ValueAct Capital bought a stake
, as I reported here.