US authorities slow down Haldex take-over

Knorr-Bremse’s take-over of Haldex has been slowed down as the antitrust Division of the US Department of Justice has requesedt additional information on the process.

“The completion of the Offer is conditional upon, inter alia, that all necessary clearances from authorities are obtained,” Knorr-Bremse said in a statement, pointing out that the request was a “standard part of the regulatory review process”.

“Knorr-Bremse will do its utmost to respond to the second request in alignment with Haldex and revert with more information on further progress at a later stage.”

In early September, Knorr-Bremse had announced a public offer to the shareholders of Haldex to tender all shares in the company to Knorr-Bremse. On 7 December, it was then announced that the acceptance period was extended until 28 February 2017.

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