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Sevcon Inc. (SEV) Has Jumped To A New High After Bought By BorgWarner

Sevcon Inc. (SEV) announced Monday morning that it has agreed to be acquired by BorgWarner Inc. for $22.00 per share in cash.

Sevcon has gapped open dramatically higher this morning and is now up 8.27 at $21.95 on above average volume. The stock has leaped to a new high for the year.

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