TRW Inc. says it will spin off TRW Automotive, the seventh largest auto supplier worldwide, into an independent company in the next six to nine months, or look for a buyer for either the whole or parts of the business. On March 13, TRW, for the second time, rejected the $5.9 billion ($47-per share) unsolicited offer made by defense contractor Northrop Grumman Corp. on Feb. 22, saying the amount "grossly undervalues" the company. Northrop, which said it would keep TRW’s defense business and ...

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