Three companies submit bids for TRW
Posted: Wed, Jun 26, 2002, 7:53 AM ET (1153 GMT)
Three companies have submitted bids for the core aerospace and defense businesses of TRW, putting pressure on Northrop Grumman to increase its unsolicited takeover offer. According to reports published Tuesday, General Dynamics, BAE Systems, and Raytheon each submitted bids to acquire the company, complying with a Monday deadline for such bids. All three had signed nondisclosure agreements with TRW in order to view TRW's proprietary financial information. The value of the bids were not disclosed but were expected to be on the order of $6.5 billion for the aerospace and defense businesses alone. Northrop Grumman reportedly submitted a new bid for the whole company, but it was not known if the bid was higher than previous unsolicited takeover offers.
Three companies have submitted bids for the core aerospace and defense businesses of TRW, putting pressure on Northrop Grumman to increase its unsolicited takeover offer. According to reports published Tuesday, General Dynamics, BAE Systems, and Raytheon each submitted bids to acquire the company, complying with a Monday deadline for such bids. All three had signed nondisclosure agreements with TRW in order to view TRW's proprietary financial information. The value of the bids were not disclosed but were expected to be on the order of $6.5 billion for the aerospace and defense businesses alone. Northrop Grumman reportedly submitted a new bid for the whole company, but it was not known if the bid was higher than previous unsolicited takeover offers.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Tuesday, November 4
Space42 Expands SAR Constellation
Aviation Week — 7:04 am ET (1204 GMT) Intuitive Machines to Acquire Lanteris Space Systems, Creating the Next-Generation Commercial, Civil, and National Security Space Prime
Intuitive Machines — 7:02 am ET (1202 GMT) As Florida doubles down on its support of space discovery, FIU takes a lead in exploring critical governance and security issues
Florida International Univ. — 7:01 am ET (1201 GMT) Why Do We Celebrate UCF Space Week? Because Discovery Starts Here
Univ. of Central Florida — 7:01 am ET (1201 GMT) MDA Space investing in $10 million in Maritime Launch Services
Canadian Press — 6:59 am ET (1159 GMT) |
