Haldex shareholders angry at management – Business

the Anger among shareholders grows against the management of the Haldex in connection with the bidding war.

Beach Asset management has already stated that it does not intend to accept the ZF Friedrichshafen’s bid of sek 120 per share, despite the fact that it is what the Haldex board of directors recommends. On Friday it was also clear that the Carnegie small cap fund, sold its shares to Knorr-Bremse, which offers 125 sek.

But more of the shareholders are annoyed at Haldexledningens fast position for the ZF.

“the Haldex board of directors should sit down with Knorr-Bremse, and to discuss how the approval process could be handled. There are several tools which can be used in such a mode, for example, a so-called break-up fee”, says a representative of the owner of the News agency Directly, who controls an entry of more than 1%.

the Haldex board of directors has in the past, when both the ZF Friedrichshafen and Knorr-Bremse invited, sek 110 per share, being committed to the ZF’s bid on the grounds that a takeover from Knorr-Bremse would be able to pull out in time as the result of a lengthy review of the authorities. Haldex would still recommend ZF’s latest bid of sek 120 despite the fact that it is lower than the Knorr-Bremses.

ZF, which is not a competitor to the Haldex in the same way as Knorr, has already scored a potential purchase approved.

Knorr-Bremse, on his side, claimed that the company has a clear plan for how the approval process would be able to go to, but that the Haldex is not given the company the opportunity to present this.

“I can’t recall that I’ve seen this case earlier in my career. Haldex seems to have forgotten its duties towards the shareholders,” says ägarrepresentanten and continues:

“the Haldex have to explain what a difference in the riskhänseende that exists between the two commandments. In order to do that, the company needs to sit down and listen properly to what Knorr-Bremse has to say.”

such A discussion would only take a day or two, but would lead to all of the facts were on the table and that the playing field was leveled out, he says.

“the Haldex is the obligation to its shareholders to discuss and investigate this thoroughly,” said the investor.