Acquisition of Sauer-Danfoss - Law Firm Challenges Fairness Of Price And Process Of Buyout On Behalf Of Shareholders
NEW YORK, Nov. 29, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Sauer-Danfoss Inc. (SHS). Sauer-Danfoss 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, among other things, whether the consideration to be paid to Sauer-Danfoss shareholders is unfair, inadequate, and substantially below the fair or inherent value of Sauer-Danfoss. The investigation further concerns whether the board of directors of Sauer-Danfoss, including Danfoss A/S may have breached their fiduciary duties by not acting in shareholders' best interests in connection with the sale process of Sauer-Danfoss.
If you own Sauer-Danfoss common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
Tripp Levy PLLC
125 East 82nd Street
New York, New York
Toll Free: 877-772-3975
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
Tripp Levy PLLC
Tripp Levy, 877-772-3975
SOURCE Tripp Levy PLLC