No Spinoffs Required, Northrop Believes
Northrop Grumman Corp. plans to complete its $7.8-billion takeover of TRW Inc. on Dec. 11 and doesn’t expect the government will require the sale of any businesses.
Based on a draft of a consent decree with the Justice Department, executives of Century City-based Northrop believe they have Defense Department clearance for the deal and that the decree will be finalized in time to allow shareholder votes on the deal Dec. 11.
Northrop Grumman fell 14 cents to $98.06 and TRW rose 2 cents to $52.29 on the New York Stock Exchange.
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