ZF Friedrichshafen will acquire TRW Automotive for equity value of $12.4 billion, or $105.60 per share in cash. ZF believes that the deal will most likely close in the
NEW YORK, Sept 15 (Reuters) - Auto part makers were trading lower on Monday, as the deal to acquire TRW Automotive Holdings Corp by German car parts maker ZF Friedrichshafen failed to ignite any excitement in the sector.
(Adds deal advisers, details of agreement, industry background)
TRW Automotive ( TRW -0.9% ) is acquired by ZF Friedrichshafen for $105.60 per share in a deal valued at $13.5B. ZF plans to run TRW as a separate business under its umbrella. A deal closing is expected in the first half of 2015. Post your comment!
Sept 15 (Reuters) - U.S. auto parts maker TRW Automotive Holdings Corp said it would be bought by German peer ZF Friedrichshafen for $13.5 billion, including debt, creating a global automotive supply...
ZF Friedrichshafen will purchase TRW Automotive (NYSE: TRW ) for $105.60 per share, according to Reuters. A formal announcement is expected later today. Investors aren't quite buying it just yet: TRW -1.4% premarket to $102.41 Post your comment!
FRANKFURT, Sept 13 (Reuters) - German auto parts maker ZF Friedrichshafen AG is nearing a sale of its steering business as part of its proposed acquisition of U.S.-based TRW Automotive , to resolve...
TRW Automotive ( TRW +1.7% ) trades higher on reports that ZF Friedrichshafen is getting closer to pulling the trigger on an acquisition. ZF plans to sell Robert Bosch its 50% stake in a steering business joint venture which will help free it up. Post your comment!
Sept 10 (Reuters) - Auto parts maker TRW Automotive Holdings Corp , which is being pursued by Germany's ZF Friedrichshafen AG, said it would sell its engine valve business to Federal-Mogul Holdings Corp for $385 million.
TRW Automotive ( TRW +0.3% ) agrees to sell its engine valve business to Federal-Mogul Holdings ( FDML ) for $385M. The deal is expected to close in Q1 of 2015. Post your comment!