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ZF refuses to take sides in 'poker game' over Haldex, Knorr-Bremse merger

By Natalie McNelis ( August 18, 2017, 15:46 GMT | Insight) -- ZF Friedrichshafen has drawn criticism from Haldex's board for refusing to take sides in a fight over Knorr-Bremse's takeover bid. The board expressed disappointment with its largest shareholder, while ZF said it wouldn't be drawn into a "poker game" over the merger plans. ZF's stance may mean Haldex remains in limbo while the European Commission proceeds with its in-depth merger review. ZF Friedrichshafen has drawn criticism from Haldex's board for refusing to take sides in a fight over Knorr-Bremse's takeover bid. ...

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