Notable Stock to Watch: WABCO Holdings (NYSE:WBC)

WABCO Holdings (NYSE:WBC) changed 0.36% to recent value of $132.6. The stock transacted 928940 shares during most recent day however it has an average volume of 970.39K shares. It spotted trading -9.60% off 52-week high price. On the other end, the stock has been noted 34.07% away from the low price over the last 52-weeks.WABCO Holdings (NYSE:WBC)

WABCO Holdings  (NYSE: WBC), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles,  welcomed the decision by its shareholders to approve the company’s acquisition by ZF Friedrichshafen AG (ZF), a privately held global technology company and systems supplier for passenger cars, commercial vehicles and industrial technology.

At a special meeting of WABCO’s shareholders held  in New York, holders representing 68.44% of the Company’s shares outstanding voted in favor of adopting the proposed merger agreement. Overall, 71.97% of WABCO’s shareholders participated in the vote.

Under the agreement, ZF will acquire all outstanding shares of WABCO for $136.50 per share in an all-cash transaction for an equity value of over $7 billion.

Jacques Esculier, Chairman and CEO of WABCO, said, We are very pleased that WABCO’s shareholders have supported our merger plans recognizing that the ZF transaction offers a compelling strategic fit to advance the requirements of our industry, while also providing certainty of value and liquidity for our shareholders.

The proposed merger remains subject to further customary closing conditions and regulatory approvals. ZF and WABCO continue to expect to close the transaction in early 2020. This merger will bring together two global technology leaders serving OEMs and fleets in the automotive and commercial vehicle industry, combining WABCO’s capabilities in commercial vehicle safety and efficiency, including technologies involved in vehicle dynamics control, active air suspension systems, and fleet management systems with ZF’s leading position in mobility technologies for cars and commercial vehicles. WBC has a gross margin of 30.30% and an operating margin of 12.40% while its profit margin remained 10.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -32.30% for this year while earning per share for the next 5-years is expected to reach at 6.51%.

 The company has 51.05M of outstanding shares and 50.94M shares were floated in the market. According to the most recent quarter its current ratio was 2.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.97% from the mean of 20 days, 0.72% from mean of 50 days SMA and performed 9.05% from mean of 200 days price. Company’s performance for the week was 0.19%, 1.69% for month and YTD performance remained 23.53%.

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