ZF, Germany's third biggest auto parts maker, will pay $105.60 per share, TRW said in a statement, adding the deal would create "a global leader in the automotive supplier business with pro forma combined sales of approximately 30 billion euros ($41 billion)".
ZF said the deal was worth $12.4bn, while an AFP calculation of the number of TRW shares put it at $11.7bn.
Source: AFP
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