Law Offices of Howard G. Smith announces that it is investigating possible breaches of fiduciary duty and violations of state law, among other things, in connection with Danfoss A/S ("Danfoss") intent to launch a cash tender offer (the "Offer") for all of the outstanding shares of common stock of Sauer-Danfoss Inc. ("Sauer-Danfoss" or the "Company") (NYSE: SHS) not already owned by Danfoss and its subsidiaries. Danfoss and its subsidiaries currently own a stake of approximately 75.7% in Sauer-Danfoss.
The investigation concerns the price to be paid by Danfoss to Sauer-Danfoss shareholders and the process by which the Company's Board of Directors is addressing the Offer. Under the terms of the Offer, Sauer-Danfoss shareholders will receive $10.10 per share in cash. According to the Company, Danfoss intends to commence the Offer in the first week of January 2010.
If you own shares of Sauer-Danfoss, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or visit www.howardsmithlaw.com. You may also email my firm at howardsmith@howardsmithlaw.com.
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215)
638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com