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U.S. aerospace and auto parts manufacturer TRW Inc. and hostile pursuer Northrop Grumman Corp. agreed on terms of a confidentiality agreement Monday, allowing Northrop to look at TRW's internal financial data. However, the companies' announcements don't disclose how long Northrop would have to wait to make another bid. That "standstill" language in the agreement had been a sticking point in negotiations.
May 07, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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