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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:49 EDTSHSSauer-Danfoss announces retention of financial advisor and legal counsel
The Special Committee of the Board of Directors of Sauer-Danfoss announced that it has retained Lazard as the Special Committee's independent financial advisor and Kirkland & Ellis LLP as its independent legal counsel. As Sauer-Danfoss previously announced, on November 28 the Board of Directors formed a Special Committee of independent directors to consider, among other things, the proposal made on that date by Danfoss A/S, a beneficial owner of approximately 75.6% of Sauer-Danfoss' outstanding common stock, to purchase all of the outstanding shares of common stock of Sauer-Danfoss not owned by Danfoss for a cash purchase price of $49 per/share. .
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