A private equity company completes its $4.73 billion purchase of TRW Automotive. Northrop Grumman sells all but 20% of TRW Inc.’s automotive interests to The Blackstone Group, making the stand-alone company the world’s eighth-largest automotive supplier. Headquartered in Livonia, MI, TRW Automotive employs about 64,000 people in 22 countries. Its products include integrated vehicle control and driver assist systems, braking systems, steering systems and occupant safety systems. The ...

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