As previously announced by Remy on Sept. 22, Remy’s stockholders adopted the agreement and plan of merger, approved by and among Remy, BorgWarner and Band Merger Sub Inc. at a special meeting of Remy’s stockholders.
The closing of the transaction remains subject to the satisfaction or waiver of certain customary conditions, which include:
- the receipt of any approval required under Chinese antitrust law and the termination or expiration of any applicable waiting period thereunder;
- the accuracy of each party’s representations and warranties (subject to customary materiality qualifiers);
- each party’s compliance with its agreements and covenants contained in the merger agreement; and
- the absence of any law, ordinance, rule, regulation, order, judgment or decree being in effect that restrains or enjoins, or otherwise prohibits or makes illegal, the consummation of the transaction.