TRW Inc. asks its stockholders to reject Northrop Grumman Corp.’s bid to take over the company, which includes TRW Automotive. Shareholders officially will vote on related proposals at TRW’s annual meeting on April 24. The proposals seek confidential, financial information about TRW and look to establish a committee of independent directors to review Northrop’s proposed $47-per-share purchase offer. TRW says the offer “grossly undervalues” the company, adding that 11 of its 13 board of ...
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