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BORG-WARNER AUTOMOTIVE FILES FOR INITIAL PUBLIC OFFERING

 CHICAGO, June 24 /PRNewswire/ -- Borg-Warner Automotive Inc. today filed a registration statement with the Securities and Exchange Commission for an initial public offering of four million shares of common stock.
 Managing underwriters for the offering are Merrill Lynch & Co., Lehman Brothers, and Morgan Stanley & Co. Inc. Net proceeds from the offering will be used to repay outstanding indebtedness.
 Chicago-based Borg-Warner Automotive has been privately held since July 1987, when Merrill Lynch Capital Partners Inc. completed a leveraged buy-out of Borg-Warner Corp. Borg-Warner Automotive Inc. was spun-off as a separate, independent company in January 1993.
 A leading supplier of highly engineered automotive components and systems, Borg-Warner Automotive operates manufacturing facilities in eight countries serving the North American, European and Asian automotive markets.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. This news release does not constitute either an offer to sell or the solicitation of an offer to buy. There shall be no sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 6/24/93
 /CONTACT: Joseph C. Allen for Borg-Warner Automotive, 312-322-8836/


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

MP -- NY063 -- 5317 06/24/93 14:25 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
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