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Home › BorgWarner to buy electric, hybrid motor maker Remy for $950 million

 

BorgWarner to buy electric, hybrid motor maker Remy for $950 million

2015-07-13 18:01:54| Auto Parts - Topix.net

DETROIT -- BorgWarner Inc. agreed to buy Remy International Inc. for $951 million in cash, driving further consolidation of the auto-parts industry. BorgWarner will pay $29.50 a share, a 44 percent premium from Remy's closing price on Friday, according to a .

Tags: buy million motor electric

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