STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TRW Automotive Holdings Corp. (“TRW” or the “Company”) (NYSE: TRW) relating to the proposed buyout of the Company by ZF Friedrichshafen (“ZF”).
On September 15, 2014, TRW announced it had entered into a definitive agreement with ZF under which ZF will acquire all outstanding shares of TRW in an all-cash transaction valued at approximately $13.5 billion. The transaction is expected to close in the first half of 2015, though TRW shareholders will most likely be asked to vote on the transaction well before that time.
Under the terms of the transaction, TRW shareholders are anticipated to receive $105.60 per share in cash for each share of TRW common stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether ZF is underpaying for TRW shares. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for TRW stock at $120.00 per share.
If you currently own common stock of TRW and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.