ZF gets antitrust clearance for Haldex all-cash offer 16 September 2016

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.

Author
Brian Tinham

Related Companies
Haldex AB
ZF Services UK Ltd

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