BorgWarner Recommends Stockholders Reject the Below Market Mini-Tender Offer by TRC Capital Investment Corporation
February 24, 2024
February 24, 2024
AUBURN HILLS, Michigan, Feb. 24 -- BorgWarner Inc. issued the following news release on Feb. 23, 2024:
BorgWarner Inc. (NYSE: BWA) ("the Company") today announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation of Ontario, Canada, to purchase up to 4 million shares of BorgWarner common stock at a price of $28.80 per share in cash. TRC Capital Investment's offer price of $28.80 per share represents a 4.51% discount below . . .
BorgWarner Inc. (NYSE: BWA) ("the Company") today announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation of Ontario, Canada, to purchase up to 4 million shares of BorgWarner common stock at a price of $28.80 per share in cash. TRC Capital Investment's offer price of $28.80 per share represents a 4.51% discount below . . .