Remy International announced that on Nov. 3 the Ministry of Commerce of the People’s Republic of China had approved the proposed acquisition of Remy by BorgWarner Inc. This approval was the last of the regulatory approvals sought in connection with the transaction.

As previously announced by Remy on Sept. 22, Remy’s stockholders adopted the agreement and plan of merger, dated July 12, 2015, by and among Remy, BorgWarner and Band Merger Sub Inc. at a special meeting of Remy’s stockholders called for such purpose.

Remy currently expects that the closing of the transaction will occur on Nov. 10, subject to the satisfaction or waiver of the remaining customary conditions set forth in the merger agreement. In the event that the closing for the transaction occurs prior to the close of business on Nov. 11, holders of Remy common stock prior to the closing of the transaction will not be entitled to receive the Remy dividend otherwise payable on Nov. 25.