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Knorr-Bremse makes rival offer for Haldex to sideline ZF

ET
By:
Edward Taylor, Johannes Hellstrom and Maria Sheahan
September 05, 2016 05:00 AM

FRANKFURT/STOCKHOLM -- German supplier Knorr-Bremse made a 4.86 billion Swedish crown ($568 million) all-cash bid for Swedish brake systems rival Haldex today, reigniting a bidding war by trumping an offer from Germany's ZF.

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