This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Law Firm Kirby McInerney LLP Investigating Potential Claims On Behalf Of Sauer-Danfoss Inc. Shareholders

Kirby McInerney LLP is investigating potential claims against the Board of Directors of Sauer-Danfoss Inc. (“Sauer-Danfoss” or the “Company”) (NYSE: SHS) related to the proposed acquisition of the Company by Danfoss A/S. Under the terms of the proposed transaction, Danfoss will commence a tender offer to acquire all of the outstanding common stock of Sauer-Danfoss it does not already own for $49.00 per share in cash.

The investigation concerns whether the Sauer-Danfoss Board of Directors is violating its fiduciary duties and whether the proposed $49 per share consideration adequately values Sauer-Danfoss common shares. The proposed price represents a mere 24% premium to the stock’s closing price on November 27, the day before the proposal was announced, and shares closed at $52.73 on November 29 – almost $4 above the offer price. Danfoss currently owns 75.6% of the Company’s stock.

If you are a Sauer-Danfoss shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or by telephone at (212) 699-1145 or (888) 529-4787.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmslaw.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 18,231.62 -54.12 -0.30%
S&P 500 2,130.12 -0.70 -0.03%
NASDAQ 5,100.9260 +10.1320 0.20%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs