New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 14, 2014
14:10 EDTTRWTRW buyout talks said to hinge on ZF-Bosch jv exit, Bloomberg reports
ZF Friedrichshafen’s plans to acquire TRW Automotive are being delayed as the German company works to unravel its 50-50 steering-systems joint venture with Robert Bosch GmbH, according to Bloomberg, citing people familiar with the matter. Reference Link
News For TRW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use