Wabco Zf Merger Agreement

For more information on all the terms of the final merger agreement, please refer to WABCO`s Form 8-K, which will be submitted to the Securities and Exchange Commission as part of this transaction. On May 15, China`s State Administration for Market Regulation approved the agreement and joined German, U.S. and Indian regulators in welcoming the merger. The U.S. Department of Justice has asked companies to divest Wabco`s North American control components in order to obtain approval to merge. About WABCO WABCO (NYSE: WBC) is the world leader in braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. WABCO hails from the westinghouse Air Brake Company, founded nearly 150 years ago, and more effectively supports the increasingly autonomous, connected and electric future of the commercial vehicle industry. WABCO is always at the forefront of innovation to address the major technological milestones of autonomous mobility and use its comprehensive know-how to integrate the complex control and safety systems needed to manage vehicle dynamics efficiently and safely at every stop – on the highway, in the city and on the depot. Today, the world`s leading truck, bus and trailer brands rely on WABCO`s differentiated technologies. Driven by its vision of accident-free driving and more environmentally friendly transportation solutions, WABCO is also a leader in advanced fleet management systems and digital services that contribute to the efficiency of the commercial fleet.

In 2018, WABCO has sales of more than $3.8 billion and employs more than 16,000 people in 40 countries. For more information, see www.wabco-auto.com. All necessary regulatory approvals are now available and WABCO and ZF expect the merger to close on May 29, 2020, meeting all other closing conditions. WABCO India Ltd in a regulatory notification in March 2019 stated that WABCO Holdings Inc. has entered into a definitive merger agreement with ZF Friedrichshafen AG. Nina Friedmann, $49,69,719,168 171,wabco@klenkhoursch.de As part of the agreement, ZF acquires all outstanding WABCO shares for $136.50 per share in a cash transaction of more than $7 billion. Participants in the merger application This document does not constitute an invitation to procure, an offer to purchase or an invitation to sell securities, nor is it a sale of securities in a jurisdiction where such an offer, invitation or sale would be unlawful prior to registration or qualification under the securities laws of such a jurisdiction. An offer of securities is made only by a prospectus in accordance with the requirements of Section 10 of the Securities Act of 1933, as amended. The company, its directors, senior executives and certain employees may be considered to be involved in securing the voting rights of the company`s shareholders as part of the proposed merger.

Information on persons who, under SEC rules, may be considered participants in the company`s shareholders` request in connection with the proposed merger, and any interests they have in the proposed merger are added to the final mandate if submitted to the SEC.