Haldex picks ZF's $647 million bid over higher Knorr-Bremse offer

Swedish braking systems maker Haldex has backed a 5.53 billion crowns ($647 million) takeover offer from German car parts firm ZF Friedrichshafen, even though it is less than a rival bid from Germany's Knorr-Bremse.

from Automotive News Breaking News Feed http://ift.tt/2dd6Yki via Falls Church auto repair