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DLPH - BorgWarner clears another hurdle in Delphi pursuit
Delphi Technologies PLC
The European Union officially clears BorgWarner's (BWA) acquisition of Delphi Technologies (DLPH) right on the deadline of September 30. The two companies received FTC clearance on April 6 and resolved a drawdown dispute on May 6 to keep the merger on track. Analysts see the combined company as a strong play on the electrification push in the automobile industry.