Mergers & Acquisitions Mergers & Acquisitions

BorgWarner, Delphi cite small overlaps in bid for swift Chinese approval

By Yonnex Li
  • 17 Jul 2020 00:03
  • 17 Jul 2020 00:03
US car-parts maker BorgWarner has pointed to small market shares in its overlaps with Delphi Technologies in a bid to obtain Chinese fast-track approval of the company's planned $3.3 billion acquisition of its British rival.

Michigan-based BorgWarner and London-headquartered Delphi together control only 10-15 percent of the Chinese market for variable camshaft-timing systems

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