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Stock Market & Financial Investment News

News Breaks
July 11, 2014
15:18 EDTTRW, MGA, DLPHZF Friedrichshafen may lack funds to get TRW Automotive deal done, Reuters says
ZF Friedrichshafen, a private company that is reportedly mulling a $11B bid for TRW Automotive (TRW), may not be able to come up with the capital to get a deal done, according to Reuters Breakingviews, which added that Magna (MGA) and Delphi Automotive (DLPH) had advantages to getting a deal done, as they are public and can tap equity markets.
News For TRW;DLPH;MGA From The Last 14 Days
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May 27, 2015
10:01 EDTMGAOn The Fly: Analyst Upgrade Summary
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06:47 EDTMGAMagna upgraded to Buy with $75 target at Deutsche Bank
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06:33 EDTMGAMagna upgraded to Buy from Hold at Deutsche Bank
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May 15, 2015
08:56 EDTTRWZF completes acquisition of TRW Automotive
ZF Friedrichshafen and TRW Automotive announced that the companies have completed the transaction under which ZF has successfully acquired TRW. TRW will be incorporated into ZF as a new division called Active & Passive Safety Technology. The combined company operates under the name ZF Friedrichshafen AG. On September 15, 2014, ZF and TRW signed a Merger Agreement for the acquisition of TRW by ZF. This agreement was subject to a number of closing conditions, all of which have now been met, including the approval by TRW stockholders and antitrust clearances in various countries and regions such as the U.S., China, and the EU. Pursuant to the terms of the Merger Agreement, upon completion of the acquisition, TRW became a wholly-owned subsidiary of ZF, and each outstanding share of TRW common stock was converted into the right to receive $105.60 in cash. As a result of the completion of the acquisition, TRW shares ceased trading on the New York Stock Exchange prior to market open today, and will be delisted.

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