Firms' bids for TRW units pressure Northrop-WSJ

Newswire

NEW YORK, June 25 (Reuters) - Three defense giants have submitted bids for TRW Inc.'s defense businesses, putting pressure on Northrop Grumman Corp. to sweeten its offer for all of TRW, the Wall Street Journal reported on Tuesday. General Dynamics Corp. , Raytheon Co. and BAE Systems Plc. have bid for TRW units, the Journal said. Officials at the five companies involved were not immediately available for comment. On Monday, Northrop said it was extending its offer for all of TRW by one ...

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