Industry News

New Higher Offer for Sauer-Danfoss

March 9, 2010

Denmark's Danfoss A/S said that it will make, via its wholly owned subsidiary Danfoss Acquisition, Inc., a cash tender offer for all of the outstanding shares of common stock of Sauer-Danfoss Inc. not already owned by Danfoss and its subsidiaries.  This offer is for $13.25 per share. The offer will begin on Wednesday, March 10, 2010 and is scheduled to expire at 5:00 p.m., EST April 7, 2010.  Danfoss and its subsidiaries currently hold a stake of  approximately 75.7% in Sauer-Danfoss.

On December 22, 2009, Danfoss made an initial offer of $10.10 per share. Danfoss has agreed to increase the offer price to $13.25 per share after discussions with representatives of the special committee of the board of directors of Sauer-Danfoss.