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Wabco India surges 8% on parent company's merger

At 1045 hrs, Wabco India was quoting Rs 6852, up 7.69 percent on the BSE

March 29, 2019 / 11:13 AM IST

Wabco India surged almost 8 percent intraday on March 29 in spite of the parent company, WABCO Holdings, entering into a definitive merger agreement with ZF Friedrichshafen AG.

The company in its BSE release said ZF will acquire all outstanding shares of the parent company for $136.50 per share in an all-cash transaction for an equity value of over $7 billion.

The share touched its 52-week high of Rs 8,319.90 and 52-week low of Rs 5,798.40 on 25 April 2018 and 18 February 2019, respectively.

At 1045 hrs, Wabco India was quoting Rs 6852, up 7.69 percent on the BSE



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Moneycontrol News
first published: Mar 29, 2019 11:13 am
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