BorgWarner to acquire Remy International  [ USA ]

BorgWarner Inc. announced that it has entered into a definitive agreement to acquire Remy International, Inc. As of December 31, 2014, Remy employed 6,600 people and, for the fiscal year, it generated sales of USD 1.2 billion. Under the terms of the agreement, BorgWarner will acquire each of the outstanding shares of Remy for USD 29.50 in cash, which implies an enterprise value of Remy of appro...
<Jul 13, 2015>