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Sauer-Danfoss Inc. Message Board

  • nycwest nycwest Nov 29, 2012 6:43 AM Flag

    BUYOUT OF SAUER - LAW FIRM SEEKS MORE MONEY FOR SHAREHOLDERS

     

    PRNewswire
    November 29, 2012

    New York, New York -- Tripp Levy PLLC, a leading national securities law firm, announces that it has been retained to investigate the acquisitio of Sauer-Danfoss. Sauer-Danfoss Inc. (SHS) today confirmed that it has received notice from Danfoss A/S of its intention to launch a tender offer to acquire all of the outstanding shares of Sauer-Danfoss that it does not already own at a price of $49.00 per share in cash. Danfoss and its subsidiaries currently own approximately 75.6% of the outstanding shares of Sauer-Danfoss.

    The investigation concerns whether Danfoss A/S, as well as the board of directors of SHS, has breached their fiduciary duties by not engaging in a full and fair auction for the company and through an independent sale process so that shareholders of SHS can obtain the highest price possible for their shares.

    If you are a shareholder of SHS and would like additional information, please contact us toll free at 877-772-3975 or email at contact @ tripplevy

    This topic is deleted.
 

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