Northrop submits revised bid for TRW-sources


NEW YORK, June 25 (Reuters) - Defense contractor Northrop Grumman Corp. . has revised its earlier bid for TRW Inc., offering a price in the range of $57 to $58 a share, and hoping to thrash out an agreed transaction, sources familiar with the talks said on Tuesday. Northrop's revised offer is in all shares and is up from its current hostile bid of $55.31 a share, based on Northrop's Monday closing price of $128.35. The revised offer values TRW at about $7.2 billion. Northrop and TRW are ...

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