TRW Shareholders Approve Opening Of Accounting Books To Northrop Grumman

By John Liang / April 24, 2002 at 5:00 AM
TRW shareholders today voted to allow Northrop Grumman access to its internal accounting ledgers, but rejected two other Northrop proposals. TRW's board of directors is fighting Northrop Grumman's $53-per-share takeover bid. "TRW shareholders have sent a strong message to TRW's board of directors today in favor of allowing Northrop Grumman to begin due diligence in connection with its proposed acquisition of TRW," Northrop Chairman and CEO Kent Kresa said in a statement. "We are prepared to immediately enter discussions with...

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