BorgWarner To Buy Delphi For $3.3B
BorgWarner Inc. (NYSE: BWA ) announced Tuesday it will acquire Delphi Technologies PLC (NYSE: DLPH ) for about $3.3 billion in an all-stock transaction. “This exciting transaction represents the next step in BorgWarner's balanced propulsion strategy, strengthening our position in electrified propulsion as well as our combustion, commercial vehicle and aftermarket businesses," Frédéric Lissalde, President and CEO of BorgWarner, said in a press release . "Delphi Technologies will bring proven leading power electronics technologies, talent and scale that will complement our hybrid and electric vehicle propulsion offerings.” Delphi stockholders will receive 0.4534 shares of BorgWarner per Delphi share. The transaction will result in Delphi shareholders owning about 16% of the merged company and BorgWarner … Full story available on Benzinga.com
BorgWarner To Buy Delphi For $3.3B
BorgWarner Inc. (NYSE: BWA ) announced Tuesday it will acquire Delphi Technologies PLC (NYSE: DLPH ) for about $3.3 billion in an all-stock transaction. “This exciting transaction represents the next step in BorgWarner's balanced propulsion strategy, strengthening our position in electrified propulsion as well as our combustion, commercial vehicle and aftermarket businesses," Frédéric Lissalde, President and CEO of BorgWarner, said in a press release . "Delphi Technologies will bring proven leading power electronics technologies, talent and scale that will complement our hybrid and electric vehicle propulsion offerings.” Delphi stockholders will receive 0.4534 shares of BorgWarner per Delphi share. The transaction will result in Delphi shareholders owning about 16% of the merged company and BorgWarner … Full story available on Benzinga.com