Lucas Varity (maker of our many parts on our cars) will be purchased by TRW
.
>From CNNfn:
"...and auto parts maker TRW has agreed to purchase British firm
LucasVarity - but another Lucas suitor may be waiting in the wings to outbid
TRW."
"TRW + LucasVarity = $6.61B deal
U.S. auto parts maker TRW (TRW) unveiled the full details of its
long-awaited buyout of U.K. automotive and aerospace parts manufacturer
LucasVarity Thursday as it announced a 4.0 billion pound ($6.61 billion)
all-cash deal.
TRW's says it will pay 288 pence a share, or $47.35, for Lucas' American
Depositary Receipts.
But it may not be a done deal. A bidding war for LucasVarity could be in
the works after Federal-Mogul (FMO) said it may decide to make a formal bid
to top TRW's agreed-upon offer. "
http://cnnfn.com/worldbiz/9901/28/trw_lucas/
American Lucas Parts?
--
Kai Radicke -- kai@radiohead.net
IRC: irc.mcs.net, #inet-access
1966 MGB -- 1974 Triumph TR6
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