Wednesday, September 28, 2016

ZF on the Haldex-the battle: ”Our last and final bids” – Svenska Dagbladet

The German company, ZF wants to buy the Haldex. Photo: Winfried Rothermel/AP

control over more than 50 per cent of the shares and an exit within a week. So see the terms and conditions to buy the Haldex from the German company ZF. The latest bid at sek 120 per share is a fair price but now you will not raise more, they announced the ZF-ceo on Wednesday.

We want to keep the period of uncertainty as short as possible, therefore we will not raise our bid.

– It is our last and final bid, ” said Stefan Sommer, at a press conference in Stockholm.

the ZF says that their bid, which for the moment is below the share price, is better than the competitor Knorr-Bremses of 125 sek. The reason, says the company, is that they already have the approval from the competition authorities and can offer a secure and fast transaction.

” We are also willing to invest sek 5 billion in this company, we see it as a "perfect match". But we want to keep the period of uncertainty as short as possible, therefore we will not raise our bid, ” said Stefan Sommer.

He argues that the uncertainty risks damaging the company. But so far, ZF only just got the yes from just over a fifth of the shareholders, through the message that it will not raise their bid, they now want to put pressure on the other owners.

If you do not have a majority in the company, there are several other options for the ZF. But whether the management would accept the bid of sek 125 per share from the competitor, Knorr-Bremse, who is wanted Stefan Sommer’t talk about.

“We do not discuss it without the need to talk with Knorr-Bremse first,” said Stefan Sommer.

You have not looked at the ability to share Haldex between them, but Stefan Sommer does not rule out the possibility.

” We are open to discuss all solutions for the company, but we do not want to end up in a situation that blocks the Haldex development.

The latest bid from ZF highly recommended from both the Swedish shareholders as the Haldex board of directors.

the Travel Industry is looking for representatives of Knorr-Bremse for a comment.

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