ZF’s merger with Wabco approaches formal vote


The proposed merger between vehicle dynamics industry giants ZF Friedrichshafen (ZF) and Wabco is approaching its final stages. Wabco Holdings has announced that it has tabled a record date of May 17, 2019, and a special meeting date of June 27, 2019, for a meeting of its stockholders to vote on a proposal to adopt the agreement and plan of merger between Wabco, ZF Friedrichshafen (ZF) and Verona Merger Sub Corp, a wholly owned subsidiary of ZF.

ZF is hoping to acquire all outstanding shares of Wabco for US$136.50 per share in an all-cash transaction, and Wabco’s board of directors recommends that Wabco stockholders vote in favor of the merger with ZF.

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About Author

Adam divides his time as an editor between the worlds of aviation and motoring. These worlds may seem a little diverse today, but autonomous technology and future urban mobility is bringing them ever-closer. Adam is also chairman of the Vehicle Dynamics International Awards.

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