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ZF Friedrichshafen says it will acquire WABCO

( March 28, 2019, 23:31 GMT | Official Statement) -- MLex Summary: German-based auto parts maker ZF Friedrichshafen agreed to acquire Switzerland-based WABCO in an all-cash transaction for an equity value of about $7 billion. The merger would expand ZF’s autonomous-driving products. The deal is expected to close in early 2020. ZF is a privately-held company, while WABCO is traded on the New York Stock Exchange.Statement follows in full: ...

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