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 firstname.lastname@example.org, 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.
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