DOW JONES NEWSWIRES
BorgWarner Inc. (NYSE:BWA) (BWA) said late Wednesday its board authorized a buyback of up to 5 million shares of the company's common stock.
The company said the new authorization was made in anticipation of exhausting the limited number of shares remaining under a 2000 buyback plan.
BorgWarner (NYSE:BWA) has about 116.4 million shares outstanding.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires 04-30-08 1641 Copyright (c) 2008 Dow Jones & Company, Inc.
