ZF Friedrichshafen AG announces WABCO shareholder approval for planned acquisition
Friedrichshafen. ZF Friedrichshafen AG, a globally leading technology group and supplier of mobility systems for passenger cars, commercial vehicles and industrial solutions, today announced the approval of WABCO (NYSE: WBC) shareholders for the proposed acquisition of WABCO.
In a shareholder vote on June 27th, 2019, 68.44 % of WABCO’s outstanding share capital voted in favor of the transaction agreed by ZF and WABCO in late March 2019. Under the terms of the transaction, ZF will acquire all outstanding shares of WABCO for $136.50 per share in cash, subject to regulatory approvals and
