Knorr-Bremse Withdraws its Public Offer for Haldex

STOCKHOLM, Sept. 19, 2017 /PRNewswire/ --

Knorr-Bremse has today announced the withdrawal of its public offer for Haldex. Today's decision also means that the competition review will be terminated.  

"We can finally put this public offer behind us and release the resources working on assisting the authorities with information. Ever since the end of June, when we received a very clear message from the authorities, we have known that there were no real possibilities for a deal. We will continue to build a stronger, competitive Haldex with customers, employees and shareholders in focus." says Jörgen Durban, Chairman of the Board of Haldex.

"It's pleasing to see that we have emerged stronger from this process on many levels. Our employees have shown an outstanding willingness to fight for Haldex in the market. In addition, we have received interesting inquiries from new prospective customers who are willing to work with us as soon as the bid has disappeared. Our focus now is to secure a number of long-term customer contracts that we were unable to sign during the bidding period and to work on a long-term, stable ownership structure.", Durban concludes.

Shareholders who have accepted Knorr-Bremse's offer will have their shares returned to their respective accounts. Questions about holdings of shares should be directed to your bank or equity custodian.

For further information, visit http://corporate.haldex.com or contact:

Jörgen Durban, Chairman of the board
Phone: +46-418-476163

Åke Bengtsson, Acting CEO
Phone: +46-418-476150

Catharina Paulcén, SVP Corporate Communications
Phone: +46-418-476157
E-mail: [email protected]

The information was submitted for publication by the Haldex media contact stated in the release on Sept 19, 2017 at 10.45 CEST.

This document is essentially a translation of Swedish language original thereof. In the event of any discrepancies between this translation and the original Swedish document the latter shall be deemed correct

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SOURCE Haldex

Related Links

http://corporate.haldex.com