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The board of Swedish brake and suspension manufacturer Haldex has recommended that shareholders accept an improved bid from ZF Friedrichshafen.
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The board of Swedish brake and suspension manufacturer Haldex has recommended that shareholders accept an improved bid from ZF Friedrichshafen.
The board had previously recommended that Haldex shareholders accept the offer by the German suitor, first at a level of SEK100 (£9) per Haldex share, and then for SEK110 per share.
This comes despite a higher bid from Knorr-Bremse of SEK125 per Haldex share.
In a statement (19 September) the company said Knorr-Bremse was a riskier option.
- This story was published in the 22 September issue of Commercial Motor. Why not subscribe to get 12 issues for £12?