WebDec 7, 2024 · BorgWarner BWA recently announced that it plans to execute a tax-free spin-off of its Fuel Systems and Aftermarket segments into a separate, publicly traded company known as NewCo. WebDec 6, 2024 · Tuesday, BorgWarner announced plans to spin off its fuel systems and aftermarket business, choosing to focus more on vehicle electrification technologies. Tuesday, BorgWarner announced plans to ...
BorgWarner to spin off fuel systems, aftermarket business in EV pi…
WebDec 6, 2024 · BorgWarner Inc. announced Tuesday morning that it plans to spin off its fuel systems and aftermarket segments into a new, publicly traded company. WebFeb 15, 2024 · The proposed spin-off is expected to be completed in late 2024, subject to satisfaction of customary conditions. Tags: borgwarner, PHINIA, Spinoff. Print You May … lvd china
BorgWarner to spin-off fuel systems, aftermarket units as it …
WebDec 6, 2024 · Dec 6, 2024 5:21 AM PST. BorgWarner Inc. announced Tuesday morning that it plans to spin off its fuel systems and aftermarket segments into a new, publicly traded company. "The intended separation ... WebDec 6, 2024 · borgwarner.com News Release BorgWarner Announces Intent to Spin Off Fuel Systems and Aftermarket Segments, Consistent with “Charging Forward” Strategy • Would Create Two Leading, Focused Companies Positioned to Drive Value Creation • Upon Completion, Would Achieve 2025 Disposition Objective as Part of “Charging Forward” … WebDec 6, 2024 · The transaction is intended to qualify as a tax-free spin-off for U.S. federal income tax purposes. The Company expects to complete the transaction in late 2024, subject to satisfaction of customary conditions, including among others, final approval … lvcva steve patterson