Northrop Grumman 'Fully Committed' To TRW Takeover Bid

By John Liang / March 13, 2002 at 5:00 AM
Northrop Grumman said today that it remains "fully committed" to its proposal to acquire TRW and spin off that company's automotive business, despite a lack of interest on TRW's part. "If TRW's board and management want to maximize shareholder value, as they stated in today's release, then we would encourage them to sit down with us immediately to begin the process of negotiating a transaction that is in the best interests of the shareholders of both our companies," Northrop Grumman...

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