The proposed merger between vehicle dynamics industry giants ZF Friedrichshafen (ZF) and Wabco is approaching its final stages. Wabco Holdings has announced that it has tabled a record date of May 17, 2019, and a special meeting date of June 27, 2019, for a meeting of its stockholders to vote on a proposal to adopt the agreement and plan of merger between Wabco, ZF Friedrichshafen (ZF) and Verona Merger Sub Corp, a wholly owned subsidiary of ZF.
ZF is hoping to acquire all outstanding shares of Wabco for US$136.50 per share in an all-cash transaction, and Wabco’s board of directors recommends that Wabco stockholders vote in favor of the merger with ZF.
