Sauer-Danfoss Inc. SHS today
confirmed that it has received notice from Danfoss A/S of its intention to
launch a tender offer to acquire all of the outstanding shares of
Sauer-Danfoss that it does not already own at a price of $49.00 per share in
cash. Danfoss and its subsidiaries currently own approximately 75.6% of the
outstanding shares of Sauer-Danfoss.
The Board of Directors has established a Special Committee to consider the
offer. The Special Committee will consider and take a position with respect
to the offer in accordance with applicable legal requirements. Sauer-Danfoss
shareholders are advised to take no action with respect to the offer until
they have been advised of the Company's position.
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