Rigrodsky & Long, P.A. Announces Investigation Of Sauer-Danfoss Inc. Buyout
March 04 2013 - 2:27PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Sauer-Danfoss
Inc. (NYSE: SHS)?
- Did you purchase any of your shares
prior to March 1, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of
Sauer-Danfoss Inc. (“SHS” or the “Company”) (NYSE: SHS) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Danfoss A/S (“Danfoss”) in a transaction valued at approximately
$692 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/sauer-danfoss-inc-shs.
Under the terms of the proposal, public shareholders of SHS will
receive $58.50 per share in cash for each share of SHS they
own.
The investigation concerns whether SHS’s board of directors
failed to adequately shop the Company and obtain the best possible
value for SHS’s shareholders before entering into an agreement with
Danfoss.
If you own the common stock of SHS and purchased your shares
before March 1, 2013, 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
Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530, toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/sauer-danfoss-inc-shs.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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