DGAP-News: SAF-HOLLAND withdraws all-cash offer for Haldex AB


DGAP-News: SAF-HOLLAND S.A. / Key word(s): Offer/Statement
SAF-HOLLAND withdraws all-cash offer for Haldex AB

25.08.2016 / 07:31
The issuer is solely responsible for the content of this announcement.

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The offer is not being made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be
accepted from or on behalf of holders in, Australia, Canada, Hong Kong,
Japan, New Zealand, South Africa or any other jurisdiction in which the
making of the offer, the distribution of this press release or the
acceptance of any tender of shares would contravene applicable laws or
regulations or require further offer documents, filings or other measures
in addition to those required under Swedish law.

SAF-HOLLAND withdraws all-cash offer for Haldex AB

Luxembourg, 25 August 2016 - SAF-HOLLAND GmbH ("SAF-HOLLAND"), a wholly-
owned subsidiary of SAF-HOLLAND S.A., announced an all-cash offer for
Haldex AB (publ) ("Haldex") in the amount of SEK 94.42 per Haldex share on
14 July 2016 (the "Offer"). On 11 August 2016, SAF-HOLLAND gave notice, in
light of a higher offer announced by another bidder on 4 August 2016, that
the Offer price would not be increased.

The acceptance period for the Offer ended on 24 August 2016. As of the end
of the acceptance period, 199,461 Haldex shares, representing 0.45 per cent
of the outstanding shares and votes, had been tendered.

Completion of the Offer was, among other things, conditional upon the offer
being accepted by Haldex' shareholders to such an extent that SAF-HOLLAND
would become the owner of shares representing more than 90 per cent of the
outstanding shares in Haldex. This condition has not been satisfied. Thus,
SAF-HOLLAND has decided to withdraw the Offer.

Accordingly, the shares tendered will not be acquired by SAF-HOLLAND and
will remain in the respective holders' ownership without any action needed
on the part of the shareholder. As previously communicated, SAF-HOLLAND is
holding 1,590,000 shares in Haldex, representing 3.6 per cent of the
outstanding shares and votes, following purchases prior to the Offer
announcement.

SAF-HOLLAND remains commited to generating value for all its stakeholders
and delivering on its Strategy 2020. The Group sees itself very well
positioned as it operates on the basis of a strong business model and long-
standing relationships to its customers. Furthermore, it has a number of
strategic initiatives underway to further expand its market presence and
generate profitable growth.

SAF-HOLLAND Profile:
SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed
supplier to the commercial vehicle market in Europe. With sales of
approximately EUR 1,060 million in 2015 and more than 3,100 employees, the
company is one of the world's leading manufacturers and suppliers of
chassis-related systems and components primarily for trailers, trucks,
buses, and recreational vehicles. The product range comprises axle and
suspension systems, fifth wheels, kingpins, and landing gear and is
marketed under the brands SAF, HOLLAND, and Neway. SAF-HOLLAND sells its
products to Original Equipment Manufacturers (OEMs) on six continents. The
Group's Aftermarket business sells spare parts to the service networks of
Original Equipment Suppliers (OES), as well as to end customers and service
centers through its extensive global network of parts distribution centers.
SAF-HOLLAND is one of the few suppliers in the truck and trailer industry
that is internationally positioned in almost all markets worldwide.

SAF-HOLLAND contact for investors/analysts
Stephan Haas
Telephone: +49 (0)6095 301 617
Email: stephan.haas@safholland.de

Christina Hüttner
Telephone: +49 (0)6095 301 255
Email: christina.huettner@safholland.de

Contact for Swedish media and investors
Narva
Frank Bagge
Telephone: +46 (0) 76 006 24 76
Email: frank.bagge@narva.se

Olof Ehrs
Telephone: +46 (0) 70 481 72 34
Email: olof.ehrs@narva.se

Contact for German media and additional contact for investors
FTI Consulting
Carolin Amann
Tel: +49 (0) 69 92037 132
Email: carolin.amann@fticonsulting.com

Anja Meusel
Tel: +49 (0) 69 92037 120
Email: anja.meusel@fticonsulting.com

This press release was submitted for publication on 25 August 2016 at 7:30
(CEST).

Important notice
This is a translation of the original Swedish language press release. In
the event of discrepancies, the original Swedish wording shall prevail.

The distribution of this press release and any related offer documentation
in certain jurisdictions may be restricted or affected by the laws of such
jurisdictions. Accordingly, copies of this communication are not being, and
must not be, mailed or otherwise forwarded, distributed or sent in, into or
from any such jurisdiction. Therefore, persons who receive this
communication (including, without limitation, nominees, trustees and
custodians) and are subject to the laws of any such jurisdiction will need
to inform themselves about, and observe, any applicable restrictions or
requirements. Any failure to do so may constitute a violation of the
securities laws of any such jurisdiction. To the fullest extent permitted
by applicable law, SAF-HOLLAND disclaims any responsibility or liability
for the violations of any such restrictions by any person.

The offer is not being made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be
accepted from or on behalf of holders in, Australia, Canada, Hong Kong,
Japan, New Zealand or South Africa or any other jurisdiction in which the
making of the offer, the distribution of this press release or the
acceptance of any tender of shares would contravene applicable laws or
regulations or require further offer documents, filings or other measures
in addition to those required under Swedish law.

Statements in this press release relating to future status or
circumstances, including statements regarding future performance, growth
and other trend projections and the other benefits of the offer, are
forward-looking statements. These statements may generally, but not always,
be identified by the use of words such as "anticipates", "intends",
"expects", "believes", or similar expressions. By their nature, forward-
looking statements involve risk and uncertainty because they relate to
events and depend on circumstances that will occur in the future. There can
be no assurance that actual results will not differ materially from those
expressed or implied by these forward-looking statements due to many
factors, many of which are outside the control of SAF-HOLLAND and Haldex.
Any such forward-looking statements speak only as of the date on which they
are made and SAF-HOLLAND has no obligation (and undertakes no such
obligation) to update or revise any of them, whether as a result of new
information, future events or otherwise, except for in accordance with
applicable laws and regulations.

Notice to shareholders in the United States
The offer is being made for the securities of a Swedish company and is
subject to Swedish disclosure requirements, which are different from those
in the United States. Also, the settlement procedure with respect to the
offer will comply with Swedish law, which differs from US domestic tender
procedures in certain material respects, particularly with regard to the
date of payment of consideration. The offer is being made in reliance upon
exemptions afforded by Rule 14d-1(c) under the US Securities Exchange Act
of 1934.

It may be difficult for investors in the United States to enforce their
rights and any claim they may have arising under federal securities laws
since the companies are located in a non-US jurisdiction, and some or all
of their officers may be residents of non-US jurisdictions. Such US
investors may not be able to sue a non-US company or its officers or
directors in a non-US court for violations of the US securities laws. It
may be difficult to compel a non-US company and its affiliates to subject
themselves to a US court's judgment.

In accordance with normal Swedish market practice, SAF-HOLLAND, its
nominees or its brokers (acting as agents) may from time to time make
certain acquisitions or arrangements to acquire Haldex shares outside the
United States, other than pursuant to the offer, before the offer commences
and through the expiration of the offer. These acquisitions may occur
either in the open market at prevailing prices or in private transactions
at negotiated prices. Any information about such acquisitions will be
disclosed to the extent required by Swedish law or rules or regulations.

The offer in the United States is being made solely by SAF-HOLLAND and not
by any other person.





Contact:
SAF-HOLLAND GmbH
Stephan Haas
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
Stephan.Haas@safholland.de


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25.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   Language:    English                                                     
   Company:     SAF-HOLLAND S.A.                                            
                68-70, boulevard de la Pétrusse                             
                L-2320 Luxembourg                                           
                Grand Duchy of Luxembourg                                   
   Phone:       +49 6095 301 - 0                                            
   Fax:         +49 6095 301 - 260                                          
   E-mail:      info@safholland.de                                          
   Internet:    www.safholland.com                                          
   ISIN:        LU0307018795, DE000A1HA979,                                 
   WKN:         A0MU70, A1HA97                                              
   Indices:     SDAX                                                        
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated   
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,  
                Munich, Stuttgart, Tradegate Exchange                       
 
 
   End of News    DGAP News Service  
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495731 25.08.2016