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News Breaks | | | | December 19, 2012 | | 16:49 EDT |  | SHS | Sauer-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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