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Article: Northrop Grumman to sell TRW automotive. (Industry News Line).
- Article from:
- Industrial Maintenance & Plant Operation
- Article date:
- December 1, 2002
CopyrightCOPYRIGHT 2002 Advantage Business Media. 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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Defense giant Northrop Grumman Corp., in the process of buying rival TRW, Inc., said last month it will sell TRW's auto-parts business to a private investment company for $4.73 billion. The buyer, New York-based Blackstone Group, assembled what one report called the world's largest private-equity fund to make the purchase. The deal is expected to close in the first quarter of 2003.
Northrop Grumman, headquartered in ...