ArvinMeritor Inc. reportedly is interested in purchasing TRW Automotive, which is being spun off by TRW Inc.’s new owner, Northrop Grumman Corp., says Bloomberg News. Sources close to the process say ArvinMeritor has bid between $4.5 billion and $5 billion for the supplier. The amount is more than a reduced offer made by buyout firms Carlyle Group Inc. and Blackstone Group LP. Delphi Corp. wins a $2.5 billion contract to supply common rail diesel injection systems to Renault SA. The value ...
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