The European Competition Authority confirms serious doubts in relation to Knorr-Bremse's public offer on Haldex
It is in practice ruled out that an in-depth investigation could be completed during the acceptance periodThe European Competition Authority has on July 24, 2017 announced that Knorr-Bremse’s application has resulted in an in-depth investigation. Knorr-Bremse will therefore have to apply for another extension with the Swedish Securities Council to extend the offer period. The European Commission states in its press release: “The Commission's initial investigation has shown that the proposed merger would likely remove a significant competitor from an already very concentrated sector.