On August 2, Haldex has applied to the Swedish Securities Council to reject an extension of the acceptance period of Knorr-Bremse's public offer for Haldex. Knorr-Bremse has announced that it intends to apply for an extension of the acceptance period until February 2018. Haldex is of the opinion that the target company should also be able to submit an application as the company is being harmed by a lengthy bid process. The Swedish Securities Council has today decided not to process the Haldex submission but to wait for an application from Knorr-Bremse.

“The problem with today’s decision is in reality that the uncertainty continues which has a negative impact on Haldex and you can of course have views on the fact that the Swedish Securities Council actively avoids to create clarity when given the opportunity to do so. At the same time we are not surprised on the basis on the views expressed by representatives of the Swedish Securities Council in this matter in media. But for the Board of Directors that has a responsibility to act in the best interest of the company, it was a question that had to be tested.”

“In its essence, it does not change anything. The Board is committed not to recommend an extension and looks forward to the extraordinary general meeting later this week where the shareholders will be given the opportunity to be heard.”, says Jörgen Durban, chairman of the Board of Directors.