STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of TRW Automotive Holdings Corp. (“TRW” or the “Company”)
(NYSE: TRW) relating to the proposed buyout of the Company by ZF
Friedrichshafen (“ZF”).
On September 15, 2014, TRW announced it had entered into a definitive
agreement with ZF under which ZF will acquire all outstanding shares of
TRW in an all-cash transaction valued at approximately $13.5 billion.
The transaction is expected to close in the first half of 2015, though
TRW shareholders will most likely be asked to vote on the transaction
well before that time.
Under the terms of the transaction, TRW shareholders are anticipated to
receive $105.60 per share in cash for each share of TRW common stock
they own. The firm’s investigation seeks to determine, among other
things, whether the Company’s Board of Directors breached their
fiduciary duties by failing to maximize shareholder value before
agreeing to enter into the transaction, and whether ZF is underpaying
for TRW shares. In particular, according to Yahoo! Finance, at
least one Wall Street analyst has issued a price target for TRW stock at
$120.00 per share.
If you currently own common stock of TRW and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
Contacts:
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson,
Maryland 21153
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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