By Reuters
FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen is considering a takeover of U.S. peer Wabco, daily Handelsblatt reported on Wednesday.
ZF Friedrichshafen’s supervisory board has already discussed a potential acquisition of Wabco, the paper reported, citing financial sources, adding that no decision had been taken.
Wabco shares rose 7.5 percent on the news.
(Reporting by Arno Schuetze; Editing by Kirsten Donovan)
