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Article: Northrop Grumman Reaches Agreement With Justice Department on Acquisition of TRW, Inc.
- Article from:
- PR Newswire
- Article date:
- December 10, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Northrop Grumman Corporation announced today that it has agreed on the essential terms of a consent decree with the United States Department of Justice that should allow the company to promptly close its acquisition of TRW, Inc. after shareholders of both companies approve the transaction at separate meetings Dec. 11, 2002.
Key provisions of the consent decree are intended to assure that the merger will not impede fair and open competition related to certain electronic satellite payloads. As expected, the consent decree does not require the divestiture of any businesses and will permit Northrop Grumman to operate its businesses and those of TRW as planned.
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