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Defense giant Northrop Grumman Corp. launched a $5.9 billion unsolicited bid Friday to buy TRW Inc., and TRW called the offer regrettable since it came just days after its chief executive announced his departure.Northrop announced the bid, aiming to boost its aerospace business, only three months after it sealed a deal to buy the country s only builder of nuclear powered aircraft carriers.TRW shares soared 24 percent Friday morning on the New York Stock Exchange, trading above the price being offered on speculation that other bidders might e <a href=https://www.cups-stanley-cups.us>stanley usa merge or that Northrop might raise its bid. We believe the strategic combination of Northrop Grumman and TRW will provide tremendous value to the shareholders of both companies, said Kent Kresa, Northrop s chairma stanley becher n and chief executive. Northrop Grumman s electronics and systems integration capabilities, combined with TRW s space and systems expertise, would create a strong contributor to the nation s satellite and missile defense requirements. Cleveland-based TRW makes space and defense products including spacecraft and satellite technology, defense communic stanley mug ations equipment and high-energy lasers. Northrop would sell TRW s automotive parts business, which account for 60 percent of TRW s sales, if TRW accepts Northrop s offer.Under terms of the offer, Los Angeles-based Northrop would exchange $47 in stock for each TRW share, an 18 percent premium over the company s closing share price of $39.80 Thursday on the NYSE. The offer was Vhqj New Federal Building For Oklahoma City
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