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Delphi Technologies PLC (DLPH)/

BorgWarner, Inc. (BWA)
CFRA Legal Edge Case Study


This $3.3b strategic transaction in the auto parts sector was announced on January 28, 2020. It is an all stock deal, with a fixed 0.4534 BWA share per DLPH share exchange ratio. The deal involved a whopping 75% premium and traded at a 45% gross spread as of our April 6, 2020 initiation.


Download the Legal Edge case study to learn more about the Delphi Technologies PLC (DLPH)/BorgWarner, Inc. (BWA) merger. 


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