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BorgWarner completes Sevcon deal

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BorgWarner completes Sevcon deal

BorgWarner Inc. on Sept. 27 completed its deal to acquire Sevcon Inc. for a transaction value of $190.7 million.

The company offered $22 per share for the stake.

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

Sidley Austin LLP was the legal adviser for BorgWarner.

Rothschild Inc. was the financial adviser for Sevcon, while Locke Lord LLP and Skadden Arps Slate Meagher & Flom LLP were the legal advisers.