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TRW Automotive confirms getting takeover offer
July 10, 2014 / 5:00 PM / 3 years ago

TRW Automotive confirms getting takeover offer

July 10 (Reuters) - Auto parts supplier TRW Automotive Holdings Corp said it had received a preliminary takeover proposal and was in the process of evaluating the offer.

Bloomberg reported earlier that TRW had received a takeover approach from German auto supplier ZF Friedrichshafen AG , citing a person familiar with the matter.

TRW Automotive did not name any buyer in its statement.

The company said it had hired Goldman Sachs & Co as its financial adviser. (Reporting by Sweta Singh; Editing by Simon Jennings)

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