The Swedish Securities Council stops an extension of the offer from Knorr-Bremse
The Swedish Securities Council has today announced their decision not to approve a further extension of the acceptance period for Knorr-Bremse’s public offer for Haldex, that currently expires on September 26.
”We are obviously pleased that the Swedish Securities Council made the only possible decision. At the same time we hope that the handling of this issue will lead to a much needed discussion about the the contents of the takeover rules and their application. It’s obvious that the existing regulations and their application have deficiencies that do not benefit anyone.” says Jörgen Durban, Chairman of the Board of Haldex.
"But more importantly, this is a message that will delight our employees, customers and long-term owners because it removes much of the uncertainty that has triggered our business for a very long time. I am convinced that many in Landskrona and in our other facilities around the world today are relieved. " , continues Jörgen Durban.
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
Haldex AB (publ) is required to publish the above information under the EU Market Abuse Regulation and the Takeover Rules. The information was submitted for publication by the Haldex media contact stated in the release on September 7, 2017 at 8.00 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.
With more than 100 years of intensely focused innovation, Haldex holds unrivaled expertise in brake systems and air suspension systems for heavy trucks, trailers and buses. We live and breathe our business delivering robust, technically superior solutions born from deep insight into our customers’ reality. By concentrating on our core competencies and following our strengths and passions, we combine both the operating speed and flexibility required by the market. Collaborative innovation is not only the essence of our products – it is also our philosophy. Our 2,150 employees, spread on four continents, are constantly challenging the conventional and strive to ensure that the products we deliver create unique value for our customers and all end-users. We are listed on the Nasdaq Stockholm Stock Exchange and have net sales of approximately 4.4 billion SEK.