WABCO and ZF Announce Expected Closing of the Merger in the Second Quarter of 2020
WABCO HOLDINGS (WBC)
Last wabco holdings earnings: 2/21 07:04 am
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ir.wabco-auto.com
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Source: GlobeNewswire
BERN, Switzerland and FRIEDRICHSHAFEN, Germany, March 24, 2020 (GLOBE NEWSWIRE) -- WABCO Holdings Inc. (“WABCO”) (NYSE: WBC) (www.wabco-auto.com) and ZF Friedrichshafen AG (“ZF”) today announced that they have received all approvals from regulatory authorities required to close their previously announced merger, with the exception of the Chinese State Administration for Market Regulation ("SAMR"). WABCO and ZF anticipate that SAMR approval will be received without significant delay, and expect that the transaction will close in the second quarter of 2020, when this final regulatory clearance is anticipated to be received. About WABCOWABCO (NYSE: WBC) is the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO is powerfully “Mobilizing Vehicle Intelligence” to support the increasingly auto
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