DETROIT – TRW Inc.’s automotive business appears to have a tenuous future in light of Northrop Grumman Corp.’s unsolicited $5.9 billion takeover bid for the diversified Cleveland, OH, company. Defense giant Northrop Grumman of Los Angeles primarily is interested in TRW’s aerospace and defense business because it wants a foothold in the lucrative military satellite market. TRW was given until Feb. 27 to respond to Northrop Grumman’s offer, but the company said it needed more time. See ...
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