Northrop Agrees to Sell TRW's Auto-Parts Unit
Northrop Grumman (NOC ) agreed to sell TRW's (TRW ) auto-parts business to the Blackstone Group for $4.13 billion in cash and equity. Northrop said it plans to reduce its equity interest in TRW Automotive to about a 20% stake before its merger with TRW is completed, according to news reports. (11/19)
Onvia.com (ONVI ) hires Broadview International LLC to help it evaluate strategic options, including a possible sale of the company. (11/19)
Friedman Billings Ramsey (FBR ) agrees to merge with FBR Asset Management (FB ). Terms: 1 FB share = 3.65 Cl.A shares of new company. (11/15)
Socrates Acq. Corp. doesn't think it can finance the acquisition of Nobel Learning (NLCI ) at $7.75 per share. (11/15)
British bank HSBC Holdings (HBC ) agrees to buy Household International (HI ) for about $14 billion. Terms: 0.535 HBC ADR = 1 share of HI, which would value the takeout price for HI of $30 a share. (11/14)
DGR Ent. sweetens offer for Onvia.com (ONVI ) to $3.50/share. (11/14)
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