Press Release: Mergers: Commission clears proposed acquisition of Cherry by ZF

Author (Corporate)
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Series Details IP/08/1615 (31.10.08)
Publication Date 31/10/2008
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The European Commission approved under the EU Merger Regulation the proposed acquisition of Cherry Corporation, a US-based manufacturer of electronic components in particular for the automotive industry, by ZF Friedrichshafen AG, a German supplier of driveline and chassis technology. The Commission concluded that the transaction would not significantly impede effective competition within the European Economic Area (EEA) or a substantial part of it.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1615&format=HTML&aged=0&language=EN&guiLanguage=en
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