Gardner Denver (GDI) Boosts Buyback by 1.6M Common

Gardner Denver, Inc. (NYSE: GDI) announced that on May 1, 2012 its Board of Directors increased the authorized level for repurchases of its common stock by 1.6 million shares, or approximately $102 million, plus an additional amount to offset any future dilution resulting from equity grants under the Company's benefit plans. The Company repurchased 1.064 million shares of its common stock in April 2012 and additionally has approximately 600,000 shares, or approximately $38 million, that remains available from an existing authorization approved by the Board of Directors in November 2011. The timing and amount of repurchases will vary based upon market conditions, corporate requirements, and other factors. All common stock acquired will be held as treasury stock and will be available for general corporate purposes.

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