The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Sauer-...
21 Décembre 2012 - 8:25PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Sauer-Danfoss Inc. (“Sauer-Danfoss” or the “Company”) (NYSE: SHS)
for possible breaches of fiduciary duty and other violations of
state law in connection with the proposed sale of the Company to
Danfoss A/S (“Danfoss”).
Click here to learn how to join the action:
http://zlk.9nl.com/sauer-danfoss-shs/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, Danfoss would
acquire the outstanding shares of Sauer-Danfoss it does not
currently own for a value of $49.00 per share; Danfoss currently
owns approximately 76% of Sauer-Danfoss’ outstanding shares. The
investigation concerns, among other things, whether the proposed
consideration to be paid to Sauer-Danfoss shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
Sauer-Danfoss, and whether Danfoss is taking advantage of its
position as majority shareholder. Sauer-Danfoss stock has traded
higher than the offer price as recently as March 27, 2012.
If you own common stock in Sauer-Danfoss and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/sauer-danfoss-shs/.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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