AUBURN HILLS, Mich.,
Nov. 13, 2013 /PRNewswire/
-- The board of directors of BorgWarner Inc. (NYSE: BWA)
approved a two-for-one stock split effected in the form of a stock
dividend on the company's common stock. To implement the
stock split, shares of common stock will be distributed on
December 16, 2013 to all shareholders
of record as of the close of business on December 2, 2013. The stock split will
increase the company's outstanding shares of common stock from
approximately 114 million to approximately 228 million.
Auburn Hills, Michigan-based
BorgWarner Inc. (NYSE: BWA) is a technology leader in highly
engineered components and systems for powertrain applications
worldwide. Operating manufacturing and technical facilities in 56
locations in 19 countries, the company develops products to improve
fuel economy, reduce emissions and enhance performance. Customers
include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors,
Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA,
and MAN. For more information, please visit www.borgwarner.com.
SOURCE BorgWarner Inc.