Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
BorgWarner (BWA) issues notice to Delphi after the latter violates agreement by drawing down its full $500-million revolving credit facility.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of TiVo Corporation (TIVO) in connection with the proposed merger of TIVO and Xperi Corporation (“XPER”). Under the terms of the merger agreement, shares of each company will be converted into shares of a new parent company at a ratio of 0.455 XPER share per existing TIVO share for TIVO shareholders, and 1 share per existing XPER share for XPER shareholders.
Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against Delphi Technologies PLC (NYSE: DLPH) in connection with the proposed sale of Delphi to BorgWarner Inc. The lawsuit seeks damages and/or equitable relief on behalf of Delphi shareholders under the federal securities laws.
Investors need to pay close attention to Delphi Technologies (DLPH) stock based on the movements in the options market lately.
Shares in automotive technology company BorgWarner (NYSE: BWA) rose by 17.2% in March, according to data provided by S&P Global Market Intelligence. As an automotive supplier, BorgWarner needs light vehicle sales/production to bounce back. It's also been a highly eventful month for BorgWarner.
Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Delphi Technologies PLC ("Delphi" or the "Company") (NYSE: DLPH) for violations of federal securities laws.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Delphi Technologies PLC (NYSE: DLPH) ("Delphi Technologies" or the "Company") today announced financial results for its first quarter 2020.
WILMINGTON, Del., April 07, 2020 -- Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of.
NEW YORK, April 16, 2020 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
Delphi Technologies' (DLPH) first-quarter 2020 earnings and revenues decline year over year.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of FGL Holdings, Inc. (FG) in in connection with the proposed acquisition of the company by Fidelity National Financial, Inc. (“FNF”). Under the terms of the acquisition agreement, FG shareholders can elect to either $12.50 in cash or 0.2558 shares of FNF common stock for each FG share they own.
BorgWarner Inc. said Wednesday it still sees long-term value in a proposed acquisition of Delphi Technologies PLC and continues to work toward closing the deal in the second half of 2020. The auto parts maker's disclosure comes after Delphi said Tuesday that it received notice from BorgWarner that drawing on its credit facility represented a material breach of the buyout agreement. Delphi said it was negotiating to resolve the matter, but BorgWarner said Wednesday that it can't assure a deal will close. Separately, BorgWarner said it approved a temporary 20% reduction in base salaries for its named executives through the second quarter of 2020, and has the ability to extend the reduction for an additional quarter. BorgWarner's stock has tumbled 43.8% over the past three months while Delphi shares have shed 37.3% and the S&P 500 has lost 20.0%.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Mobile Mini, Inc. (MINI) in connection with the proposed acquisition of the company by WillScot Corporation (“WSC”). Under the terms of the acquisition agreement, MINI shareholders will receive 2.4050 shares of WSC for each share of MINI they own, representing implied per-share merger consideration of $28.81 based on WSC’s April 29, 2020 closing price of $11.98. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of TiVo Corporation (TIVO) in connection with the proposed merger of TIVO and Xperi Corporation (“XPER”).
BorgWarner Inc. said Wednesday it reached an agreement with Delphi Technologies PLC to amend the terms of its buyout deal, that will allows Delphi to draw on its revolving credit facility. Shares of Delphi, which specializes in propulsion technologies, soared 10% in premarket trading and auto components maker BorgWarner's stock edged up 0.2%. On March 31, Delphi's stock had plunged 22% after BorgWarner said Delphi's decision to draw fully on its $500 million revolver represented a material breach of the buyout agreement, which was announced in late January. On Wednesday, BorgWarner said it consents to Delphi's draw down, as long as its revolver borrowings at the time of the buyout's closing doesn't exceed $225 million. The companies also agreed to change the terms of the buyout, with Delphi shareholders now set to receive 0.4307 BorgWarner shares for each Delphi stock they own, down 5% from an original share exchange ratio of 0.4534. Year to date, Delphi's stock has lost 23.6% through Tuesday and BorgWarner shares have dropped 37.9%, while the S&P 500 has declined 11.2%.
Shares of Delphi Technologies (NYSE: DLPH), a leading global supplier of products and solutions to the automotive and commercial vehicle market, jumped 15% Wednesday morning after the company reached an agreement with BorgWarner (NYSE: BWA) to amend terms of their buyout deal. Investors may recall BorgWarner's previous assertion that Delphi Technologies breached the original transaction agreement, which they entered into on Jan. 28, when it drew down on its $500 million revolving credit facility. As of today, the two companies have amended certain terms of the deal, and BorgWarner will acquire Delphi in an all-stock transaction.
BorgWarner Inc. (NYSE: BWA) and Delphi Technologies PLC (NYSE: DLPH) today announced that the companies have amended certain terms of the definitive transaction agreement they originally entered into on January 28, 2020 under which BorgWarner will acquire Delphi Technologies in an all-stock transaction. The amendment represents a resolution to BorgWarner's previously stated assertion that Delphi Technologies materially breached the definitive transaction agreement by drawing down on its full $500 million revolving credit facility, which Delphi Technologies disputed on the basis that BorgWarner unreasonably withheld and conditioned its consent.
Shares of Delphi Technologies PLC plummeted 22% in premarket trading Tuesday, after the company said the received notice from fellow auto parts maker BorgWarner Inc. that Delphi's decision to draw on its credit facility represents a material breach of the buyout agreement. BorgWarner's stock was still inactive ahead of the open. Delphi said it believed it was "prudent" and in its best interests to draw down on its full $500 million revolver to help weather current market conditions resulting from the COVID-19 pandemic. BorgWarner said drawing on the facility without prior written consent from BorgWarner gives BorgWarner the right to terminate the agreement to acquire Delphi, which was announced in late Janunary. Delphi disputes BorgWarner's assertion, saying BorgWarner "unreasonably withheld its consent," and intends to continue to negotiate to resolve the matter. Delphi shares have lost 19.6% over the past three months through Monday while BorgWarner's stock has tumbled 43.3% and the S&P 500 has dropped 18.7%.
NEW YORK, NY / ACCESSWIRE / May 4, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP ...