CORRECTED-UPDATE 1-Haldex picks ZF's $617 mln bid over higher Knorr-Bremse offer

STOCKHOLM/FRANKFURT, Sept 19 (Reuters) - Swedish braking

systems maker Haldex has backed a 5.29 billion crown

($617 million) takeover offer from German car parts firm ZF

Friedrichshafen, even though it is less than a rival

bid from Germany's Knorr-Bremse.

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