Sevcon Inc. (SEV) Leaped 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, approximately $200 million.

Sevcon gapped open dramatically higher Monday, but moved in a narrow range throughout the session. The stock closed up by 8.05 at $21.73 on the highest volume of the year. Sevcon leaped to a new high for the year.

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