Nov. 30, 2012
/PRNewswire/ --Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sauer-Danfoss, Inc. ("Sauer-Danfoss" or the "Company") (NYSE- SHS-News) relating to the proposed acquisition by Danfoss A/S ("Danfoss").
Under the terms of the transaction, Sauer-Danfoss shareholders will receive only
in cash for each share of Sauer-Danfoss stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Sauer-Danfoss for not acting in the Company's shareholders' best interests in connection with the sale process to Danfoss. The transaction may undervalue the Company and will result in a loss for many Sauer-Danfoss shareholders. For example Sauer-Danfoss stock traded at
May 11, 2011
as recently as
November 29, 2012
. In addition, Danfoss currently owns approximately 76% of Sauer-Danfoss's outstanding shares and may be taking advantage of its position as the majority shareholder.
If you own shares of Sauer-Danfoss stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA
19004, by e-mail at
, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC