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Stock Market & Financial Investment News

News Breaks
October 30, 2012
07:07 EDTTRWTRW Automotive sees Q4 restructuring charges $65M-$75M
News For TRW From The Last 14 Days
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September 15, 2014
10:56 EDTTRWOptions with decreasing implied volatility
Options with decreasing implied volatility: TRW ULTA GTAT FIVE RH LULU LE RAX ARCP BKS
10:36 EDTTRWHigh option volume stocks
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10:27 EDTTRWZF says TRW acquisition offer was technology driven
Says plans for combined company to have investment grade rating.
10:22 EDTTRWZF says TRW transaction 'friendly,' not hostile
10:11 EDTTRWZF says financing of TRW Automotive deal is 'sound'
ZF CEO says combined company will benefit from industry megatrends, including fuel efficiency and safety. Says TRW to be delisted if offer is successful. Says scale "important" to compete in car-parts industry. Says must be "big and powerful" to compete. Says won't exclude further transactions, though they would be smaller than TRW deal. Comments made on ZF Friedrichshafen's conference call discussing its acquisition of TRW Automotive.
09:32 EDTTRWTRW volatility expected to move on ZF Friedrichshafen purchase
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09:18 EDTTRWTRW Automotive to be acquired by ZF Friedrichshafen for $105.60 per share
TRW Automotive announced it has entered into a definitive agreement with ZF Friedrichshafen under which ZF will acquire all outstanding shares of TRW for $105.60 per share in an all-cash transaction valued at approximately $13.5B on an enterprise value basis. The acquisition price represents a premium of approximately 16% and 15% over TRW's undisturbed closing stock price of $91.40 on July 9, 2014 and all-time undisturbed high price of $91.62 on July 7, 2014, respectively, and a 7.6x multiple of TRW's adjusted EBITDA for the 12 months ended June 27, 2014. The agreement has been unanimously approved by TRW's Board of Directors and ZF's Supervisory Board and Management Board. The transaction will create a leader in the automotive supplier business with pro forma combined sales of approximately $41B and 138,000 employees. The transaction will be financed through a combination of ZF cash on hand, as well as debt financing that has been committed by Citi and Deutsche Bank pursuant to a fully executed credit agreement. There is no financing condition to this transaction. The closing of the transaction is subject to certain conditions, including approval of the TRW stockholders, receipt of regulatory approvals and other customary closing conditions. The transaction is expected to close in the first half of 2015.
09:17 EDTTRWTRW Automotive to be acquired by ZF Friedrichshafen for $105.60 per share
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08:50 EDTTRWZF Friedrichshafen to buy TRW for $105.60 per share, Reuters reports
September 12, 2014
10:35 EDTTRWOptions with decreasing implied volatility
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September 11, 2014
12:43 EDTTRWTRW Automotive sale to ZF closer on joint venture divestiture plans, WSJ says
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September 10, 2014
08:49 EDTTRWTRW signs agreement to divest engine valve unit to Federal-Mogul
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08:47 EDTTRWFederal-Mogul to purchase engine valve business of TRW Automotive
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September 8, 2014
13:26 EDTTRWFord falls after two notch downgrade at Morgan Stanley
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07:59 EDTTRWMorgan Stanley downgrades Auto sector to Cautious, downgrades Ford
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September 5, 2014
10:50 EDTTRWOptions with decreasing implied volatility
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September 3, 2014
15:14 EDTTRWTRW sale possible as ZF restarts talks to exit JV with Bosch, Bloomberg says
ZF Friedrichshafen AG is rekindling talks to exit its joint venture with Robert Bosch as it seeks to takeover TRW Automotive, Bloomberg reports, citing people with knowledge of the matter. ZF plans to begin negotiations with Bosch this week as it attempts to avoid antitrust issues regarding the takeover of TRW, the people added. Reference Link
14:57 EDTTRWTRW calls active on sale possible as soon as next week, report
TRW September 100 and 105 calls are active on total call volume of 4K contracts (2K puts) on sale possible as soon as next week as ZF in jv exit talks, Bloomberg says. September call option implied volatility is at 33, October is at 31, January is at 18; compared to its 26-week average of 25 according to Track Data. Active call volume suggests large near term price movement.
14:43 EDTTRWTRW Automotive jumps 3% after Bloomberg report on ZF deal possibly nearing
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14:43 EDTTRWTRW sale possible as soon as next week as ZF in jv exit talks, Bloomberg says
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