DGAP-News

SAF-HOLLAND S.A. announces all-cash offer for Haldex to create a new integrated champion for chassis-related commercial vehicle components

DGAP-News: SAF-HOLLAND S.A. / Key word(s): Offer
SAF-HOLLAND S.A. announces all-cash offer for Haldex to create a new
integrated champion for chassis-related commercial vehicle components

14.07.2016 / 07:10
The issuer is solely responsible for the content of this announcement.

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into, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the
United States or any other jurisdiction in which the distribution of this
press release would contravene applicable laws or regulations or require
further documents, filings or other measures in addition to those required
under Swedish law in connection with the described offer. Other
restrictions are applicable. Please see the important notice at the end of
this press release.

SAF-HOLLAND announces all-cash offer for Haldex to create a new integrated
champion for chassis-related commercial vehicle components

- Proposed business combination forms a one-stop shopping solution
provider for the entire range of chassis-related commercial vehicle
components

- Combination of complementary product offerings and market positions
unlocks additional sales potential for both companies

- SAF-HOLLAND to offer SEK 94.42 per Haldex share in cash, representing a
substantial premium of 26.8 per cent over Haldex' three months volume-
weighted average share price as quoted on the Nasdaq Stockholm, and a
premium of 10.8 per cent over Haldex' closing share price as quoted on
the Nasdaq Stockholm on 13 July 2016 (last trading day before
announcement of the offer)

- The acceptance period for the all-cash offer is expected to commence on
or around 1 August 2016 and end on or around 24 August 2016. Settlement
is expected to be on or around 31 August 2016

Luxembourg, 14 July 2016, SAF-HOLLAND S.A. (SAF-HOLLAND), through its
wholly-owned subsidiary SAF-HOLLAND GmbH, today announced an all-cash offer
of SEK 94.42 per share for Haldex AB (publ) (Haldex), a leading supplier of
brake and air suspension systems for commercial vehicles with headquarters
in Landskrona, Sweden. The all-cash offer represents a substantial premium
of 26.8 per cent over the volume-weighted average price of Haldex' shares
as quoted on the Nasdaq Stockholm over the three-month period ended 13 July
2016, and an attractive premium of 10.8 per cent on Haldex' closing share
price of SEK 85.25 as quoted on the Nasdaq Stockholm on 13 July 2016, the
last trading day prior to the announcement of the offer.