ZF Friedrichshafen has unveiled a recommended public cash offer to the shareholders of Haldex Aktiebolag to tender all their shares to the German supplier for SEK100 (US$12).

The offer document regarding the Offer has now been approved and registered by the Swedish Financial Supervisory Authority.

The document, a pre-printed acceptance form and a self-addressed envelope will be sent to all shareholders of Haldex whose shares are directly registered with Euroclear Sweden as of today (19 August).  

The acceptance period of the offer will start on 22 August and end on 30 September.

Settlement will begin as soon as ZF has announced the conditions for the offer have been satisfied or ZF has otherwise resolved to complete the offer.

Assuming such an announcement is made no later than around 5 October, settlement is expected to commence on or around 7 October.

ZF reserves the right to, one or several times, extend the acceptance period for the offer and to postpone the settlement date.

ZF will announce any extension(s) of the acceptance period and/or postponement(s) of the settlement date in accordance with applicable laws and regulations.