NEW YORK--(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 email@example.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.