Danfoss raises offer for Sauer-Danfoss

March 1 Fri Mar 1, 2013 7:56am EST

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March 1 (Reuters) - Danish industrial group Danfoss A/S increased its offer to buy out the rest of Sauer-Danfoss Inc it does not already own, valuing the company at $2.83 billion.

Danfoss offered $58.50 per share for the 24.4 percent of Sauer-Danfoss it does not own, up from its $49 per share bid in November.