SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Merger of Delphi Technologies PLC with BorgWarner Inc. is Fair to DLPH Shareholders
NEW YORK, NY / ACCESSWIRE / January 29, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Delphi Technologies PLC ("Delphi" or the "Company") (NYSE:DLPH) stock prior to January 28, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Delphi with BorgWarner Inc. ("BorgWarner") (NYSE: BWA). Under the terms of the agreement, Delphi stockholders would receive a fixed exchange ratio of 0.4534 shares of BorgWarner common stock per Delphi share. Upon closing of the transaction, current BorgWarner stockholders are expected to own approximately 84% of the combined company, while current Delphi stockholders are expected to own approximately 16%. To learn more about the action and your rights, go to:
https://www.zlk.com/mna2/delphi-technologies-plc-loss-form
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Delphi merger investigation concerns whether the Board of Delphi breached their fiduciary duties to stockholders by agreeing to enter into this transaction and whether the merger undervalues Delphi relative to BorgWarner, thereby harming Delphi shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP
ReleaseID: 574557