I
can't fault Danfoss A/S for trying to join in the spirit of the
Christmas shopping season and score a sweet bargain, but I have a
feeling that this privately-held Danish company is going to have to
do better if it wants to make Sauer-Danfoss
(NYSE:SHS)
all its own.
The Deal That May Be
Sauer-Danfoss
shares spiked the afternoon of November 28 after an SEC filing
revealed that Danfoss A/S CEO Niels Christiansen sent a letter to
Sauer-Danfoss' board offering to buy the shares it does not already
own (about 24% of the outstanding total) for $49 a share - a roughly
24% premium to the close on November 27. Not surprisingly, the deal
offered is an all-cash deal for Sauer-Danfoss shareholders.
Please read the full article here:
http://www.investopedia.com/
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