Comparing Against The Market
The acquisition of Cleveland based TRW Inc. by defence company Northrop Grumman Corp. (Los Angeles) was characterised by a variety of features and events that made the takeover particularly interesting. The most obvious element of interest that should be pointed out is that the merger was hostile. Indeed the deal concluded on July 1, 2002 (although the final watchdog approval came on December 10, 2002) […]