TRW in talks to sell auto-parts business -WSJ

Newswire

NEW YORK, Aug 27 (Reuters) - TRW Inc. . is in advanced talks to sell its auto-parts business to two big private-equity firms for about $5 billion, the Wall Street Journal online edition reported Tuesday, citing people familiar with the matter. A transaction with Blackstone Group and Carlyle Group could be reached as soon as this week, the Journal reported. TRW, Blackstone, and Carlyle were not immediately available for comment. A sale of the auto business would be a boon for Los ...

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