Bosch bid for auto brakes firm Pacifica succeeds

Newswire

FRANKFURT, Feb 23 (Reuters) - Robert Bosch's [ROBG.UL] A$298.5 million ($236 million) friendly bid for Australian automotive brake maker Pacifica Group has succeeded, the world's largest car parts supplier said on Friday. Bosch received 50.86 percent of the shares in Pacifica and said it would integrate it into its Chassis Systems Brakes operations. Pacifica posted 480 million euros ($629.3 million) in annual revenue in 2005. The offer runs until March 4. "The takeover of the Pacifica ...

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