BorgWarner Enters Into Agreement To Acquire Remy International

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B. Riley Downgrades Remy Internationa (REMY) to Neutral

July 14, 2015 6:57 AM EDT

B. Riley downgraded Remy Internationa (NASDAQ: REMY) from Buy to Neutral with a price target of $29.50.

For an analyst ratings summary and ratings history on Remy Internationa click here. For more ratings news on Remy Internationa click here.

Shares of Remy Internationa closed at $29.24 yesterday.

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BorgWarner (BWA) to Acquire Remy International (REMY) in ~$1.2B Deal

July 13, 2015 8:01 AM EDT

BorgWarner (NYSE: BWA) has entered into a definitive agreement to acquire Remy International, Inc. (NASDAQ: REMY), a global market leading producer of rotating electrical components. With key technologies and operations in ten countries on five different continents, Remy is strongly positioned to benefit from global growth. As of December 31, 2014 the company employed 6,600 people... More