Haldex’s investors reject ZF bid, clear way for rival suitor

ZF to work with other shareholders to find best solutions

ZF’s hope to acquire Haldex seems to be fading following lukewarm response to its offer of SEK120 per share from shareholders of the Sweden-based commercial vehicle braking and suspension systems supplier, reports Bloomberg. An initial counting following the expiry of ZF’s takeover offer on Monday (3 October) revealed that the Germany-based supplier failed to reach the minimum threshold 50% needed for the acquisition. This is expected to clear way for higher bid of SEK125 per share from Knorr-Bremse.