NEW YORK (Sept. 22, 2014) — National law firm Levi & Korsinsky L.L.P. is investigating TRW Automotive Holdings Corp.'s board of directors for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to ZF Friedrichshafen A.G.
ZF Friedrichshafen recently announced that it plans to acquire TRW Automotive Holdings in an all-cash transaction valued at about $13.5 billion on an enterprise value basis.
Under the terms of the transaction, TRW Automotive stockholders will receive $105.60 U.S. for each TRW Automotive share they own. Levi & Korsinsky said its investigation concerns whether the TRW's board “breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into this transaction, and whether