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Give Up Pleads Northrop Grumman Of TRW Holdouts
Los Angeles - June 24, 2002 Northrop Grumman Corporation announced Monday that it has extended the expiration of its pending exchange offer for all outstanding shares of common and preferred stock of TRW Inc. (NYSE: TRW) from June 21, 2002, to Friday, June 28, 2002, at midnight EDT. Approximately 3,308,407 shares of TRW common stock of which 563,436 shares are subject to guaranteed delivery; 1,719 shares of Cumulative Serial Preference Stock II, $4.40 Convertible Series 1 of which 26 shares are subject to guaranteed delivery; and 3,801 shares of Cumulative Serial Preference Stock II, $4.50 Convertible Series 3, had been tendered to Northrop Grumman as of 5:00 p.m. EDT June 21, 2002. The tendered shares are subject to validation by TRW's transfer agent. Northrop Grumman Corporation is an $18 billion, global defense company with its worldwide headquarters in Los Angeles. With nearly 100,000 employees and operations in 44 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers. Community Email This Article Comment On This Article Related Links TRW Northrop Grumman SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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