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TRW Automotive Holdings Corp Increases Share Repurchase Authorization


Tuesday, 29 Oct 2013 07:00am EDT 

TRW Automotive Holdings Corp announced that it has authorized an additional $1 billion in share repurchases, bringing the total repurchase authorization to $2 billion. The available remaining repurchase authorization of $1.47 billion, which is expected to be executed over three years, reflects approximately 16% of TRW's present market capitalization. Through the first nine months of 2013, the Company used $460 million of cash to repurchase approximately 6.5 million shares of its common stock.