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...ZF is in a particularly difficult position, as acquisitions of tech-focused rivals TRW in 2015 and Wabco in 2020 have left it with high debt levels....
...ZF is in the process of finalising a $7bn takeover of Swiss brakes-maker Wabco, for which it raised €4.8bn on the capital markets....
...Wabco stockholders will receive $136.50 a share in cash, a 13 per cent premium to the company’s closing share price on February 26, when media reports emerged about a potential combination....
...(FT) News round-up Lyft raises share price range ahead of initial public offering (FT) Deutsche Bank discusses raising up to €10bn for Commerzbank deal (FT) German auto parts maker ZF buys Wabco for...
...The enterprise value of comparable companies such as Wabco Holdings, Assa Abloy and Schindler is between 9 and 16 times next year’s ebitda....
...On Thursday, privately held German auto parts group ZF Friedrichshafen agreed to buy Wabco, a US company focusing on vehicle safety technology, for $7bn in what was one of the biggest European deals in the...
...Round-up Shell, SoftBank weigh bids for Asia renewables firm worth up to $5 billion (Reuters) CD&R and Bain spread load in £6bn Unilever bid (Sky) Germany’s ZF Recently Held Advanced Takeover Talks With Wabco...
...Other companies affected are the oil group BP; BASF, the German chemicals company; Atlas Copco, a Swedish maker of industrial tools; Celio, a French fashion business and Wabco, a US company involved in vehicle...
...The surviving company is to take the name of the $6.8bn air-conditioning unit Trane....
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