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Home » Uncategorized » WABCO Comment on ZF
Uncategorized

WABCO Comment on ZF

The Brake ReportBy The Brake ReportFebruary 27, 2019No Comments1 Min Read
WABCO
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Wabco released the following statement regarding the news that ZF is contemplating a takeover:

BRUSSELS, Belgium, Feb. 27, 2019 (GLOBE NEWSWIRE) — While it is the long-standing policy of WABCO Holdings Inc. (“WABCO” or the “Company”) (NYSE: WBC) not to comment on rumors in the marketplace or media reports, in response to market speculation and noting recent appreciation in its stock price, the Company confirmed today that it has been approached by ZF Friedrichshafen AG and has engaged in preliminary discussions concerning a potential transaction.

There can be no assurance that any agreement will be reached with respect to a transaction or that a transaction will be consummated. The Company further stated that it does not intend to make any additional comments on this matter unless and until it deems further disclosure is required.

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The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.

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The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest coverage of news & insights from around the industry.

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