BorgWarner Announces Anticipated Completion Date Of PHINIA Spin-Off At The End Of The Day On July 3, 2023
Portfolio Pulse from Benzinga Newsdesk
BorgWarner expects to complete the spin-off of PHINIA on July 3, 2023, with PHINIA common stock to be traded on the NYSE under the ticker symbol PHIN starting July 5, 2023.
June 14, 2023 | 12:04 pm
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BorgWarner's spin-off of PHINIA is expected to be completed on July 3, 2023, with PHINIA common stock trading on the NYSE under the ticker symbol PHIN.
The spin-off of PHINIA is a significant event for BorgWarner (BWA) as it will create a separate entity with its own stock listing. However, the short-term impact on BWA's stock price is uncertain as it depends on various factors such as market conditions and investor sentiment. The news is highly relevant and important for BWA investors, but the short-term price direction is neutral.
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IMPORTANCE 80
RELEVANCE 100