Tribune staff | Shares of Sauer-Danfoss Inc. were up nearly 14
percent, to $17.74, in late afternoon trading Friday after its board
rejected a sweetened offer of $14 a share from Danfoss Acquistion Inc.
It also rescinded a recommendation that shareholders accept an earlier
offer of $13.25 a share from the subsidiary of the company’s majority
stockholder, Danfoss A/S.

The board of the Ames, Iowa-based hydraulic equipment maker cited
improved projections for the rest of this year, 2011 and 2012 in making
its latest recommendation.