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Thursday, July 10, 2014

TRW Automotive gets buyout offer from Germany's ZF - Bloomberg, (NYSE: TRW)

Germany's ZF Friedrichshafen AG is in early-stage takeover talks with U.S. auto parts supplier TRW Automotive Holdings Corp, Bloomberg reported, citing people familiar with the matter. ZF Friedrichshafen, which makes steering systems and chassis components, values TRW at around $11 to $12 billion although no specific price has been discussed, a person familiar with the matter told Bloomberg. (

TRW Automotive Holdings Corp. (TRW Automotive) is a supplier of automotive systems, modules and components to global automotive original equipment manufacturers (OEMs) and related aftermarkets. Shares of TRW traded higher by 7.1% or $6.49/share to $97.89. In the past year, the shares have traded as low as $66.36 and as high as $91.94. On average, 846006 shares of TRW exchange hands on a given day and today's volume is recorded at 3934609.