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.
The ex-dividend date for Sauer-Danfoss (NYSE:SHS) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $33.88 as of 9:30 a.m., the dividend yield is 4%.