Haldex Rejects Higher Knorr-Bremse Offer on Regulatory Concerns

  • Swedish brakemaker recommends ZF’s lower $620 million bid
  • Haldex shares little changed above both suitors’ offers

Haldex AB, the Swedish brakemaker that’s the target of a takeover contest by German rivals, said its shareholders should accept the lower bid submitted by suitor ZF Friedrichshafen AG that values the deal at about 5.3 billion kronor ($620 million).

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