Cases
Delphi Technologies PLC
Merger
Overview
Overview
- Date:
- 1/28/2020
- Case Caption:
- Reyes v. Delphi Technologies Plc, et al.
- Stock Symbol:
- DLPH
- Company Name - Buyer:
- BorgWarner Inc.
- Stock Symbol - Buyer:
- BWA
- Status:
- Filed
- Merger Announcement Date:
- 1/28/2020
- Filing Date:
- 6/12/2020
- Court:
- U.S. District Court: Eastern District of Michigan
On January 28, 2020 Delphi Technologies announced that it had signed an agreement to merge with BorgWarner. Per the merger agreement Delphi Technology stockholders will receive 0.4534 shares of BorgWarner common stock for each share of Delphi Technology common stock owned. The deal is scheduled to close in the second half of 2020.
Bragar Eagel & Squire is concerned that Delphi Technology’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Delphi Technology stockholders.
Bragar Eagel & Squire is concerned that Delphi Technology’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Delphi Technology stockholders.
Case Updates
Case Files
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Reyes v. Delphi Technologies Plc, et al.