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SAF-Holland eyes Haldex acquisition

STOCKHOLM, Sweden — SAF-Holland has made an unsolicited public takeover bid for Haldex.

Haldex will announce its opinion on the offer no later than two weeks prior to the expiry of the acceptance period, the company announced. The deal is reported to be worth nearly $500 million.

Haldex also announced it has received a credible, non-binding proposal from another third party concerning a possible public takeover offer for all shares in the company.

“There can be no certainty that any such offer will be made, nor as to the terms of any such offer,” the company said in a statement.

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