Lenders have told auto supplier ZF Friedrichshafen AG that
financing of as much as $13 billion is available for its all-cash
bid to acquire TRW Automotive Holdings Corp. (TRW), Bloomberg
reported Thursday, citing people familiar with the matter.
ZF, along with Citigroup Inc. (C), is exploring a proposal that
would value TRW at between $110 to $112.50 a share, two of the
people said.
Although talks between the two companies have accelerated, one
person said, no deal has been struck and the two sides continue to
negotiate on the price, Bloomberg reported.
Full story at
http://www.bloomberg.com/news/2014-07-17/zf-said-able-to-raise-trw-bid-to-as-much-as-13-billion.html
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