Blackstone wins clearance to buy TRW parts unit

Newswire

WASHINGTON, Dec 31 (Reuters) - Blackstone Group has received the go-ahead from antitrust authorities to acquire TRW Inc.'s automotive parts unit for almost $4.73 billion, the U.S. government said on Tuesday. The acquisition by Blackstone, a New York buyout firm, came out of Northrop Grumman Corp's purchase of TRW earlier this month. Northrop bought TRW for its defense business and said it would sell or spin off TRW's auto parts operations. The antitrust division of the U.S. Justice ...

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