The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Sauer-...
05 March 2013 - 4:39AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Sauer-Danfoss Inc. (“Sauer-Danfoss” or the “Company”) (NYSE: SHS)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Danfoss A/S
(“Danfoss”).
Click here to learn how to join the action:
http://zlk.9nl.com/sauer-danfoss/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction Danfoss will acquire the
shares of Sauer-Danfoss does not currently own for a value of
$58.50 per share. In addition, Sauer-Danfoss declared a dividend
for the first quarter of 2013 in which stockholders as of March 15,
2013 will receive a cash dividend of $0.35 per share, payable on
March 29, 2013. The investigation concerns whether the
Sauer-Danfoss Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Danfoss is underpaying
for Sauer-Danfoss shares, thus unlawfully harming Sauer-Danfoss
stockholders.
If you own common stock in Sauer-Danfoss and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/sauer-danfoss/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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