TRW INC. OFFERS $7 BILLION IN CASH FOR BRITISH AUTO, AEROSPACE SUPPLIER.Byline: Associated Press TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc Inc. offered $7 billion in cash Thursday for LucasVarity PLC, a highly coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. British maker of auto brake systems and aerospace equipment. While LucasVarity officials indicated they will accept TRW's offer, a rival suitor SUITOR. One who is a party to a suit or action in court. One who is a party to an action. In its ancient sense, suitor meant one Who was bound to attend the county court, also, one who formed part of the secta. (q.v.) , Federal-Mogul Corp., said it may sweeten sweet·en v. sweet·ened, sweet·en·ing, sweet·ens v.tr. 1. To make sweet or sweeter by adding sugar, honey, saccharin, or another sweet substance. 2. To make more pleasant or agreeable. the $6.5 billion cash-and-stock offer that LucasVarity rejected earlier this week. LucasVarity officials said the TRW offer has the support of the company's board, and there was no indication that support would change. Yet Victor Rice, LucasVarity chief executive officer, said his company would be ``appropriately accommodating when and if Federal-Mogul makes an appropriate offer.'' The automotive supply industry has been consolidating rapidly. The combination of TRW and Federal-Mogul would be the fifth industry merger in 1999, according to Securities Data Co. |
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