At a special meeting of WABCO shareholders, holders representing 68.44% of the company`s outstanding shares voted in favour of the adoption of the proposed merger agreement. A total of 71.97% of WABCO shareholders took part in the vote. About WABCO WABCO (NYSE: WBC) is the world leader in braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. WABCO hails from the westinghouse Air Brake Company, founded nearly 150 years ago, and more effectively supports the increasingly autonomous, connected and electric future of the commercial vehicle industry. WABCO is always at the forefront of innovation to address the major technological milestones of autonomous mobility and use its comprehensive know-how to integrate the complex control and safety systems needed to manage vehicle dynamics efficiently and safely at every stop – on the highway, in the city and on the depot. Today, the world`s leading truck, bus and trailer brands rely on WABCO`s differentiated technologies. Driven by its vision of accident-free driving and more environmentally friendly transportation solutions, WABCO is also a leader in advanced fleet management systems and digital services that contribute to the efficiency of the commercial fleet. In 2018, WABCO has sales of more than $3.8 billion and employs more than 16,000 people in 40 countries. For more information, see www.wabco-auto.com. On May 15, China`s State Administration for Market Regulation approved the agreement and joined German, U.S. and Indian regulators in welcoming the merger.
The U.S. Department of Justice has asked companies to divest Wabco`s North American control components in order to obtain approval to merge. For more information on all the terms of the final merger agreement, please refer to WABCO`s Form 8-K, which will be submitted to the Securities and Exchange Commission as part of this transaction. Nina Friedmann, 49 69 719 168 171,email@example.com Participant in the call to merge This document does not constitute an invitation to represent, an offer to purchase or an invitation to purchase an offer to sell securities, nor a sale of securities in a country where such an offer, invitation or sale would be unlawful prior to registration or qualification in accordance with the Securities Act of such a jurisdiction.