ZF has announced that its all-cash offer for Haldex has already been cleared by the antitrust authorities after just four weeks of due diligence.
The company has purchased shares representing 17.06% of Haldex’s share capital from three major shareholders, and closing of these share transfers to ZF will be initiated today (15 September 2016), so increasing ZF’s total shareholding in Haldex to 21.24%.
ZF says it is in discussions with other key investors to further increase its shareholding.
ZF’s offer for Haldex remains conditional on ZF holding more than 50% of Haldex’s shares after the expiry of the initial acceptance period, which ends on 30 September 2016.
