Wabco Holdings Inc. on Thursday said it has agreed to be acquired by German car-parts maker ZF Friedrichshafen AG for roughly $7 billion. ZF, which focuses on chassis and driveline technologies, is buying Wabco for $136.50 a share. Wabco shares most recently closed at $146.01 a share. The deal comes four years after ZF’s $12 billion acquisition...

Source: Wall Street Journal March 28, 2019 13:07 UTC