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German company ZF Friedrichshafen AG along with related firms, has issued a draft offer letter for the open offer to acquire a 25 per cent stake in auto component maker Wabco India, by acquiring 4.74 million equity shares from public shareholders. The open offer was triggered after the German company acquired US-based Wabco Holdings, and the offer price is Rs 7,067.51 per offer share, totalling Rs 3351.34 crore.
Both the German company and Wabco US have highly complementary and innovative technology offerings to address future demand for advanced mobility in the area of commercial vehicles. Besides, the merger will strengthen
