Sauer-Danfoss Investor Alert: Briscoe Law Firm And Powers Taylor, LLP Investigate Proposed Takeover Offer
Former United States Securities and Exchange Commission attorney
Briscoe and the securities litigation firm of
Taylor, LLP are investigating potential legal claims against the
Board of Directors of...
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Sauer-Danfoss, Inc. (“SHS”) (NYSE: SHS) related to the notice it received from Danfoss A/S of its intention to launch a tender offer to acquire all outstanding shares of the company. Under the terms of the proposal, Danfoss A/S will acquire all shares of SHS it does not already own at a price of $49.00 per share, well below the 52 week high of $56.10. Danfoss A/S and its subsidiaries currently own approximately 75.6% of the outstanding shares of SHS. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. According to shareholder rights attorney Patrick Powers, “The investigation relates to the fairness of the proposed transaction to SHS shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. In addition, the firms are actively investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SHS in connection with the potential approval of this transaction, and whether SHS’s Board of Directors is acting in the shareholders’ best interests.” The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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%.