The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Sauer-Danfoss Inc. in Connection with a Going Private Transaction
NEW YORK, March 5, 2013 /PRNewswire/ -- 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 sale of the Company to Danfoss A/S ("Danfoss").
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Under the terms of the transaction Danfoss will acquire the shares of Sauer-Danfoss does not currently own for a value of $58.50 per share. In addition, Sauer-Danfoss declared a dividend for the first quarter of 2013 in which stockholders as of March 15, 2013 will receive a cash dividend of $0.35 per share, payable on March 29, 2013. The investigation concerns whether the Sauer-Danfoss Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Danfoss is underpaying for Sauer-Danfoss shares, thus unlawfully harming Sauer-Danfoss stockholders.
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/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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