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Haldex drops support for Knorr-Bremse bid amid EU doubts over deal

( June 30, 2017, 05:25 GMT | Official Statement) -- MLex Summary: The Haldex Board has decided to withdraw its support for Knorr-Bremse's bid after the European Commission expressed "serious doubts" over six of eight product areas where Haldex conducts business. Haldex said the chance of getting regulatory approval for the deal was "so low" that it had decided "not to assist Knorr-Bremse in the continued competition investigations."The statement follows:...

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