Law Office of Brodsky & Smith, LLC Announces Investigation of Sauer-Danfoss, Inc.
05 Décembre 2012 - 3:00AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Sauer-Danfoss, Inc. (“Sauer-Danfoss” or the “Company”) (NYSE: SHS)
relating to the proposed acquisition by Danfoss A/S
(“Danfoss”).
Under the terms of the transaction, Sauer-Danfoss shareholders
will receive only $49.00 in cash for each share of Sauer-Danfoss
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Sauer-Danfoss for not acting in the Company’s
shareholders' best interests in connection with the sale process to
Danfoss. The transaction may undervalue the Company and will result
in a loss many Sauer-Danfoss shareholders. For example
Sauer-Danfoss stock traded at $60.25 on May 11, 2011 and $52.73 as
recently as November 29, 2012. In addition, Danfoss currently owns
approximately 76% of Sauer-Danfoss’s outstanding shares and may be
taking advantage of its position as the majority shareholder.
If you own shares of Sauer-Danfoss stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/510-shs-sauer-danfoss-inc.html, by calling
toll free 877-LEGAL-90.
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