The future of TRW Inc.’s automotive unit hangs in the balance following the conglomerate’s deal to sell its defense, space/electronics and automotive assets to Northrop Grumman Corp. for $12.8 billion. Both boards of directors this week unanimously approved the agreement, which comes after four months of often less-than-cordial negotiations. In the "definitive merger agreement," Northrop will purchase TRW for $60 per share in a common stock transaction valued at $7.8 billion, plus will ...
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