BALA CYNWYD, Pa.
March 4, 2013
/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 going private acquisition by Danfoss A/S ("Danfoss").
Under the terms of the transaction, Sauer-Danfoss shareholders will receive only
per share in cash for each share of Sauer-Danfoss stock they own. In addition, Sauer-Danfoss has declared a dividend for the first quarter of 2013 in which stockholders as of
March 15, 2003
will receive a cash dividend of
per share, payable on
March 29, 2013
. 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 focus of the investigation is whether the Sauer-Danfoss Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction.
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