BorgWarner shares are trading lower after the company announced it is buying Elder's Electric Hybrid Systems business.
Portfolio Pulse from Benzinga Newsdesk
BorgWarner announced it is acquiring Elder's Electric Hybrid Systems business, causing its shares to trade lower.
June 20, 2023 | 5:25 pm
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BorgWarner's shares are trading lower after announcing the acquisition of Elder's Electric Hybrid Systems business.
BorgWarner's shares are trading lower due to the announcement of the acquisition of Elder's Electric Hybrid Systems business. Acquisitions can lead to short-term uncertainty and increased expenses, which may negatively impact the stock price in the short term.
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