UPDATE 3-Delphi tapping credit line puts sale to BorgWarner at risk [Reuters]

BorgWarner Inc. (BWA)
Last borgwarner inc. earnings: 2/13 06:30 am
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Source: Reuters
Delphi shares tank as BorgWarner threatens to abandon takeover deal (Reuters) - U.S. auto parts company BorgWarner Inc ( BWA.N ) on Tuesday threatened to walk away from its $1.5 billion deal to buy Delphi Technologies ( DLPH.N ) after it drew down credit without seeking approval, sending shares of the UK-based company tumbling 24%. Delphi tapped its full $500 million revolving credit facility to help it weather the hit from the coronavirus pandemic, the company said in a separate statement. BorgWarner said the move breached their deal terms announced earlier this year and gave Delphi 30 days to resolve the issue. Delphi said it disputed BorgWarner’s breach claims on the basis that the company had “unreasonably withheld its consent,” but
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News
- Reimagined Indianapolis Motor Speedway Museum Reopens To The Public [Forbes]Forbes
- Is BorgWarner Inc. (BWA) The Best EV Stock to Buy Under $50? [Yahoo! Finance]Yahoo! Finance
- Webcast Alert: BorgWarner 2025 First Quarter Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Webcast Alert: BorgWarner 2025 First Quarter Results Conference CallPR Newswire
- BorgWarner Inc. (NYSE: BWA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
BWA
Earnings
- 2/6/25 - Beat
BWA
Sec Filings
- 4/3/25 - Form SCHEDULE
- 3/19/25 - Form ARS
- 3/19/25 - Form DEF
- BWA's page on the SEC website