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TRW Uses Ohio Laws to Block Hostile Takeover Bid
Shareholders of Cleveland-based TRW Inc. on Friday blocked a $6.7 billion hostile takeover bid by defense contractor Northrop Grumman, taking advantage of Ohio's tough anti-takeover laws. Northrop Grumman officials said they would announce today whether they still planned to try to buy the company, which is involved in aerospace, defense, automotive parts and information technology.
May 06, 2002 at 12:00 AM
1 minute read
By Paul Singer |
Updated on May 06, 2002
The original version of this story was published on Law.Com
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