Borg-Warner Receives Clearance from German Antitrust Regulators
17 February 1999
Borg-Warner Automotive Receives Clearance from German Antitrust Regulators To Proceed With Kuhlman AcquisitionCHICAGO, Feb. 16 -- Borg-Warner Automotive, Inc. announced it has received approval from the German merger control authority, the Bundeskartellamt, to proceed with the company's acquisition of Kuhlman Corporation. With the German clearance, the company has now received all required antitrust approvals for the acquisition of Kuhlman. Kuhlman stockholders of record on January 19 will be entitled to vote on the merger at a special meeting of Kuhlman stockholders to be held on March 1. Chicago-based Borg-Warner Automotive, Inc. is a product leader in highly engineered components and systems primarily for automotive drivetrain applications. The company operates manufacturing facilities in 12 countries serving automakers in North America, Europe and Asia.