Takeover Tussle for Brakemaker Haldex Escalates With New Bid

Updated on
  • ZF Friedrichshafen’s latest bid falls short of Knorr-Bremse’s
  • German suitors value Swedish Haldex at as much as $652 million

The battle for control of Haldex AB intensified as the two German suitors both raised their bids on the same day, with the earlier and higher offer valuing the Swedish maker of truck brakes at 5.53 billion kronor ($652 million).

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