ZF agrees to pay €6bn for parts supplier Wabco

Auderghem, Belgium—Trucking parts supplier Wabco Holdings Inc. confirmed 28 March a it was being acquired by German rival ZF Friedrichshafen for more than $7 billion (€6.2 billion).

The all-cash deal is for $136.50 per share and represents a 13% premium to Wabco’s closing price of $120.75 on 26 Feb.

Last month, Reuters reported that ZF had held takeover talks with Wabco, as the unlisted company seeks to overhaul its business for an era of self-driving trucks.

Wabco, based in Brussels, specialises in braking control systems and other safety…

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