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TRW Automotive In Advanced Talks To Be Bought Out

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ZF Friedrichshafen AG is currently in advanced talks to acquire TRW Automotive (NYSE: TRW) for $12 billion, according to Reuters. That would be a take-out value of around $105 per share.

TRW Automotive is trading around $102.10 per share Wednesday, giving speculators limited upside from current levels. A rumor on July 17 noted ZF Friedrichshafen AG was aiming to finance bid for $11 billion to $13 billion.

With advanced talks underway, a deal may be close. Reuters $12 billion figure is in-line with figures mentioned in prior rumors.

Posted-In: ZF FriedrichshafenNews M&A

 

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