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.
