BERN, Switzerland, May 7, 2019 – WABCO Holdings Inc. (NYSE: WBC) announced today that it had established a record date of May 17, 2019, and a special meeting date of June 27, 2019, for a meeting of its stockholders to, among other things, consider and vote on a proposal to adopt the previously announced Agreement and Plan of Merger, as it may be amended from time to time, dated as of March 28, 2019, by and among WABCO, ZF Friedrichshafen AG and Verona Merger Sub Corp., a wholly owned subsidiary of ZF, pursuant to which ZF will acquire all outstanding shares of WABCO for $136.50 per share in an all-cash transaction.
The Board of Directors of WABCO recommends that WABCO stockholders vote in favor of the merger with ZF.
WABCO stockholders as of the close of business on the record date of May 17, 2019 will be entitled to receive notice of, and to vote at, the special meeting.
WABCO (NYSE: WBC) is the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO is powerfully “Mobilizing Vehicle Intelligence” to support the increasingly autonomous, connected and electric future of the commercial vehicle industry.
WABCO continues to pioneer innovations to address key technology milestones in autonomous mobility and apply its extensive expertise to integrate the complex control and fail-safe systems required to efficiently and safely govern vehicle dynamics at every stage of a vehicle’s journey – on the highway, in the city and at the depot. Today, leading truck, bus and trailer brands worldwide rely on WABCO’s differentiating technologies. Powered by its vision for accident-free driving and greener transportation solutions, WABCO is also at the forefront of advanced fleet management systems and digital services that contribute to commercial fleet efficiency.
In 2018, WABCO reported sales of over $3.8 billion and has more than 16,000 employees in 40 countries. For more information, visit www.wabco-auto.com.