According to the U.S. officials, two teams of Navy SEALs landed by helicopter near the compound where the two hostages were being held. As the SEALS approached the compound on foot gunfire broke out, the U.S. officials said, and several of the militants were reportedly killed. There is no word that any of the Americans were wounded.
The SEALs gathered up Buchanan and Thisted, loaded them onto the helicopters and flew them to safety at an undisclosed location. The two hostages were not injured during the rescue operation and are reported to be in relatively good condition.

The two had been working for the Danish Refugee Council on a demining project in northern Somalia. The humanitarian group has been providing relief to some 450,000 refugees in the Somalia-Kenya border region.

News reports at the time said the two were kidnapped Oct. 25 along with a Somali colleague when their three-car convoy was stopped on the way to an airport. A self-proclaimed Somali pirate said they had been kidnapped for ransom by pirates stymied by Western nations' efforts to stop the seizure of ships off the coast. The fate of the Somali colleague was unclear.

The first indication of the rescue operation came Tuesday night in Washington from President Barack Obama himself.

As the president entered the House chambers to give his State of the Union Speech, he pointed to Defense Secretary Leon Panetta standing in the crowd and said, "Leon. Good job tonight. Good job tonight." The president made no mention of the hostage rescue, but finished his speech with a reference to the killing of Osama bin Laden last May in a similar operation to the one conducted by Navy SEALs Tuesday night.

Source: NBC