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BORG-WARNER AUTOMOTIVE, INC. ANNOUNCES EFFECTIVE DATE OF PUBLIC OFFERING

 CHICAGO, Aug. 12 /PRNewswire/ -- Borg-Warner Automotive, Inc. announced that its registration statement relating to a public offering of 3.5 million shares of common stock was declared effective Thursday, Aug. 12, by the Securities and Exchange Commission.
 The company and its managing underwriters, Merrill Lynch & Co., Lehman Brothers, and Morgan Stanley & Co. Incorporated, priced the offering at $25 per share to the public. Net proceeds from the offering will be used to repay outstanding indebtedness. Borg-Warner Automotive, Inc. common stock will be listed on the New York Stock Exchange under the symbol "BWA."
 A leading supplier of highly engineered components and systems primarily for automotive drivetrain applications, Borg-Warner Automotive operates manufacturing facilities in nine countries serving the North American, European and Asian automotive markets. Borg-Warner Automotive was spun-off from Borg-Warner Corporation as a separate, independent company in January 1993.
 -0- 8/12/93
 /CONTACT: Joseph C. Allen, 312-322-8836, for Borg-Warner Automotive, Inc./
 (BWA)


CO: Borg-Warner Automotive, Inc. ST: Illinois IN: AUT SU: OFR

TM -- NY097 -- 2351 08/12/93 18:29 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
Words:172
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