Feedback from the U.S. antitrust authority reinforces the conclusion of a very low probability for the Knorr-Bremse offer
Haldex questions the purpose of Knorr-Bremse’s continuation of the bid processThe U.S. antitrust authority, which forms a part of the Department of Justice (DOJ), has since December 2016 carried out an in-depth investigation of Knorr-Bremse’s takeover offer on Haldex. The DOJ has after independent analysis reached similar conclusions as its European counterpart, which reinforces Haldex’s conclusion that the offer has a very low probability of being approved. The process in the U.S. started in November 2016. In December, the DOJ announced that they would initiate an in-depth investigation.