NEW YORK, July 20, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Remy International, Inc. (NASDAQ: REMY). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=REMY

Highlights from our REMY Report include: 


        
        - Agreement to be Acquired -- On July 13, 2015, Remy International, Inc. announced
          that it has signed a definitive agreement to be acquired by BorgWarner Inc., a product
          leader in highly engineered components and systems for powertrains around the world.
          Consequently, shares of Remy jumped 42.43% to end Monday's session at $29.24. On the
          other hand, BorgWarner's shares surged 2.16% to close at $54.30.
        - Synergies and Terms of the Transaction - As per the agreement, BorgWarner will acquire
          all of the outstanding shares of Remy for $29.50 per share or a 44% premium to Remy's
          closing price of $20.53 a share on Friday, July 10, 2015, which implies an enterprise
          value of Remy of around $1.2 billion. A same day report by The Wall Street Journal
          highlighted that the acquisition will bring together the two companies that already
          produce products aimed at boosting the efficiency of a vehicle. BorgWarner sells
          turbochargers while Remy produces alternators and start-stop technology. According to
          Remy, the completion of the transaction is subject to the approval of its stockholders
          as well as certain customary terms and conditions, including antitrust and other
          regulatory clearances in the U.S. and abroad. Sullivan & Cromwell LLP provided legal
          advice and UBS Investment Bank acted as financial advisor to Remy International for
          the deal. In addition, the Company expects to complete the transaction in the fourth
          quarter of 2015.
        - Management View on the deal -Commenting on the transaction, Remy Chairman John Weber
          said, "This transaction provides substantial value to our shareholders, our employees
          and business partners around the globe. It provides an opportunity to market our
          products to a much broader and diverse group of original equipment manufacturers. The
          product and technology synergies are obvious, resulting from each company's historical
          focus on separate areas of the global powertrain market." Further, Remy's President
          and Chief Executive Officer, Jay Pittas, added, "Our products and capabilities should
          complement BorgWarner very well and support growing vehicle electrification trends.
           We are confident our customers and channel partners will benefit from the strategic
          fit, as it brings together two long-standing industry leaders."

To find out how this influences our rating on Image Remy International Inc. read the full report in its entirety here: http://www.aciassociation.com/?c=REMY

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