TRW Shareholder Alert -- Buyout Of TRW Automotive Holdings Corp - Leading National Securities Law Firm Seeks Higher Price For Shareholders
NEW YORK, Sept. 15, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of TRW Automotive Holdings Corp. (NYSE: TRW) ("TRW" or the "Company") on behalf of its shareholders. TRW announced it has entered into a definitive agreement with ZF Friedrichshafen AG ("ZF") under which ZF will acquire all outstanding shares of TRW for US$105.60 per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TRW for not acting in TRW shareholders' best interests in connection with the sale process of TRW, including whether the price of $105.60 per share is unfairly low. Indeed, analysts have estimated that the true going forward inherent value of the Company is worth at least $120 per share. In addition, the stock has recently traded higher than the offer price recently ($107.25). The investigation also seeks to determine whether there were any conflicts of interest on the part of the Company's senior management who may be acting in their own self-interests at the expense of the Company's shareholders.
If you are a shareholder of TRW and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 1-800-511-7037
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional investors in shareholder actions and, along with its affiliates, has recovered billions of dollars for shareholders in securities actions. Tripp Levy PLLC has become affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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