Press release from PR Newswire
Law Office of Brodsky & Smith, LLC Announces Investigation of Sauer-Danfoss, Inc.
Monday, March 04, 2013
Law Office of Brodsky & Smith, LLC Announces Investigation of Sauer-Danfoss, Inc.21:00 EST Monday, March 04, 2013BALA 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 $58.50 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 $0.35 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 or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com visiting http://brodsky-smith.com/549-shs-sauer-danfoss-inc.html, by calling toll free 877-LEGAL-90.SOURCE Brodsky & Smith, LLC