Re: [TR] [EXTERNAL] - Puzzled by simple things. Looking for guidance

[Michael Porter <mdporter@dfn.com>]

On 6/15/2019 3:26 AM, John Macartney wrote:
> Lucas Industries merged with Varity in 1996 to become LucasVarity. 
> That merger was then absorbed/bought out by TRW so Lucas now an 
> American company?
>
Not exactly.  The company's main divisions--aerospace, automotive and 
credit reporting--were sold off at various times over the past twenty 
years.  TRW bought LucasVarity, then sold off the division, LucasDiesel, 
to Delphi and Lucas Aerospace to Goodrich.  In 2002, Northrop Grumman 
took TRW in a hostile takeover.  The automotive assets of TRW and 
LucasVarity were then sold to the investment fund, the Blackstone Group, 
as TRW Automotive.  The credit reporting division was spun off as 
Experion, while the Blackstone Group eventually sold TRW Automotive to ZF.

So, technically, what's left of LucasVarity is now German-owned, and TRW 
is no more.


Cheers, John.

-- 


Michael Porter
Roswell, NM


Never let anyone drive you crazy when you know it's within walking distance....


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