TRW approached about buyout by ZF Friedrichshafen, Bloomberg says
Germany’s ZF Friedrichshafen has approached TRW Automotive (TRW) about a potential takeover offer, according to Bloomberg, citing people with knowledge of the matter. Closely held ZF values TRW at around $11B-$12B, though no specific price has been discussed and alks are at an early stage, according to one of the report's sources. TRW shares are up 6.7% to $97.55 after the report, while others in the autoparts sector are moving higher as well, including Lear (LEA), Magna (MGA), and Visteon (VC).
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