	btr nylex raises offer for borg warner australia btr nylex ltd said it will increase its takeover offer for borg warner corp s bor listed unit borg warner australia ltd bwa to five dlrs each from four dlrs for all issued ordinary and preference shares the new offer values the diversified auto parts manufacturer s mln ordinary shares and mln first participating preference shares at mln dlrs formal documents will be sent to shareholders as soon as possible it said in a brief statement btr nylex which manufactures rubber and plastic products first bid for bwa in late january as previously reported borg warner corp which owns pct of bwa s ordinary shares and pct of the preferences advised a month ago that it would not accept the offer this meant btr nylex s pct acceptance condition could not be met bwa said in a statement reporting its parent s decision bwa advised shareholders to ignore the offer and said other parties had expressed interest in bidding for it but no other bid has yet emerged btr nylex is a pct owned listed subsidiary of britain s btr plc btrx lon reuter 
