No brakes on Knorr-Bremse takeover of Haldex 08 December 2016

Knorr-Bremse says it has received “strong support” in its bid for Haldex with an acceptance level of 86.1% from shareholders, including shares already held by Knorr-Bremse.

The acceptance period has now been extended to 28 February 2017, and Knorr-Bremse says it remains fully committed to the merger, with the EU referral now granted and US filing submitted.

“The strong support by investors ... confirms the attractiveness of our offer and also the strategic rationale of the proposed business combination,” states Klaus Deller, chairman of the executive board at Knorr-Bremse.

“Haldex represents a strong addition to Knorr-Bremse and a highly valued asset for our combined group,” he continues.

“We are convinced that we will be able to create numerous advantages for all stakeholders, including employees, customers and business partners.”

On 5 September 2016, Knorr-Bremse announced a public offer to the shareholders of Haldex to tender all shares.

Brian Tinham

Related Companies
Haldex Ltd
Knorr-Bremse for Commercial Vehicles Ltd

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