Haldex rejects higher Knorr-Bremse offer on regulatory concerns
Company’s board believes acquisition by ZF would get regulatory approvals
The board of directors of Haldex has unanimously recommended its shareholders to accept lower offer made by ZF and reject a higher offer by Knorr-Bremse, the company said in separate press releases yesterday. On 16 September, ZF raised its offer to SEK120 per share to acquire the Sweden-based commercial vehicle braking and suspension systems supplier.
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