Northrop claims partial victory in TRW vote
Posted: Thu, Apr 25, 2002, 7:28 AM ET (1128 GMT)
Northrop Grumman and TRW each claimed success in the results of a vote by TRW's shareholders on Wednesday. The shareholders rejected a Northrop request to form an independent panel to evaluate Northrop's takeover offer, as well as a separate request that would have given the shareholders more power to make a decision on the takeover bid. However, shareholders did approve a non-binding resolution that asks TRW to share its non-public financial information with Northrop. Such an exchange of information would be subject to confidentiality agreements, the contents of which were debated between TRW and Northrop officials earlier this week. TRW said the vote was a sign that the shareholders are confident in the company's negotiations with Northrop, while Northrop spun the vote as a sign that shareholders are interested in Northrop's offer.
Northrop Grumman and TRW each claimed success in the results of a vote by TRW's shareholders on Wednesday. The shareholders rejected a Northrop request to form an independent panel to evaluate Northrop's takeover offer, as well as a separate request that would have given the shareholders more power to make a decision on the takeover bid. However, shareholders did approve a non-binding resolution that asks TRW to share its non-public financial information with Northrop. Such an exchange of information would be subject to confidentiality agreements, the contents of which were debated between TRW and Northrop officials earlier this week. TRW said the vote was a sign that the shareholders are confident in the company's negotiations with Northrop, while Northrop spun the vote as a sign that shareholders are interested in Northrop's offer.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT) |
|
news links
|
|
Monday, June 30
Starlink subscriptions drops 11% in Kenya as Safaricom 5G routers win over users
Techcabal — 5:42 am ET (0942 GMT) Citizens file appeal against 40 Starlink satellite antennae planned in Swiss village
Swissinfo — 5:41 am ET (0941 GMT) Can Starlink stay ahead in satellite internet?
NPR — 5:41 am ET (0941 GMT) Blue Origin successfully launches latest human flight from West Texas
KTSM-TV El Paso — 5:39 am ET (0939 GMT) Blue Origin N-S 33 lifts off
KVIA-TV El Paso, TX — 5:39 am ET (0939 GMT) |
