CORRECTED – UPDATE 1-Sauer-Danfoss rethinking buyout offer

(Corrects second paragraph to show committee had recommended
accepting $13.25-a-share offer, not $14, as earlier sent)

* Board committee had earlier recommended accepting offer

* Sees 2010 sales of $1.40 bln vs prior view of $1.34 bln

* Shares up 10 pct, touch new year-high

April 15 (BestGrowthStock) – Sauer-Danfoss Inc (SHS.N: ), a hydraulic
and electronic systems maker for mobile equipment, said it
would revaluate a buyout offer from Danish industrial group
Danfoss A/S as it raised its 2010 sales outlook, and its shares
rose as much as 10 percent.

A special committee of the Sauer-Danfoss board had earlier
recommended accepting a $13.25-a-share offer from mechanical
and electronic components maker Danfoss, which already owns
75.7 percent of the company.

Sauer-Danfoss said stockholders should not rely or act on
its earlier recommendation.

Earlier this month, Danfoss had sweetened its offer to buy
the shares of Sauer-Danfoss it does not already own, valuing
the U.S.-based maker of hydraulic systems at about $677
million. [ID:nSGE6380K6]

Citing stronger-than-expected preliminary first-quarter
results, Sauer-Danfoss said it now expects full-year 2010 sales
of $1.40 billion, up from its previous forecast of $1.34

Preliminary first-quarter sales were $387 million, the
company said.

Shares of the company were up 9 percent at $15.27 in midday
trade on the New York Stock Exchange. They had touched a new
year-high of $15.39 earlier in the session.

Stock Market

(Reporting by Fareha Khan in Bangalore; Editing by Mike

CORRECTED – UPDATE 1-Sauer-Danfoss rethinking buyout offer