POTENTIAL DEAL DETAILS
|Stock||WABCO Holdings Inc.||Symbol||WBC|
|Type||Unsolicited Bid||Acquiring Company/Person||ZF Friedrichshafen AG|
|Date of Confirmation:||03/28/2019||Price at Confirmation:||$146.01|
|Potential Profit:||11.89%||Annualized Profit:||149.70%|
February 27, 2019: While it is the long-standing policy of WABCO Holdings Inc. (WBC) not to comment on rumors in the marketplace or media reports, in response to market speculation and noting recent appreciation in its stock price, the Company confirmed today that it has been approached by ZF Friedrichshafen AG and has engaged in preliminary discussions concerning a potential transaction.
March 28, 2019: WABCO Holdings Inc. (WBC), a leading global supplier of technologies and services that improve the safety, efficiency, and connectivity of commercial vehicles, today announced that it has entered into a definitive merger agreement with ZF Friedrichshafen AG, a privately held global leader in driveline and chassis technologies.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.