BorgWarner Inc. on Nov. 10 closed its acquisition of Remy International Inc. for a transaction value of $1.20 billion.

The company offered $29.5 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

KeyBanc Capital Markets Inc. and Merrill Lynch Pierce Fenner & Smith Inc. were the financial advisers for BorgWarner, and Sidley Austin LLP was the legal adviser.

UBS Securities LLC was the financial adviser for Remy International, while Sullivan & Cromwell LLP was the legal adviser.