Sauer-Danfoss Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Danfoss
March 04 2013 - 2:57PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Sauer-Danfoss, Inc.
(“Sauer-Danfoss”) (NYSE: SHS) to Danfoss A/S for shareholders.
Under the terms of the proposed deal valued at approximately $692
million, Sauer-Danfoss shareholders will only receive $58.50 in
cash for each share of Sauer-Danfoss stock owned. Shareholders will
also receive one final cash divided of $.35 per share on March
29.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The Sauer-Danfoss sale investigation centers on whether
Sauer-Danfoss’ shareholders are receiving adequate compensation for
their shares in the buyout, whether the transaction undervalues
Sauer-Danfoss’ stock, and whether Sauer-Danfoss’ board attempted to
obtain the highest share price for all shareholders prior to
agreeing to the deal. Shareholder rights attorney Patrick Powers
stated that “due to the proposed sale price, the size of the deal
and other factors, we believe this transaction may undervalue
Sauer-Danfoss’ stock. Our proposed lawsuit will seek to obtain the
highest share price for all shareholders.”
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.
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