BorgWarner Acquires Electric Motor Maker Remy International

BorgWarner Inc. agreed to buy Remy International Inc. for $951 million in cash, on a bet the world’s auto makers are looking to wring more power from the electrical veins of their vehicles. BorgWarner will pay $29.50 a share, a 44 percent premium from Remy’s closing price on Friday. The price indicates an enterprise value […]