WILMINGTON, Del., Sept. 22, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed on behalf of stockholders of TRW Automotive Holdings Corp. (NYSE:TRW) ("TRW" or the "Company") seeking to challenge the Company's recently announced merger.
If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
On September 15, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which ZF Friedrichshafen ("ZF") will acquire TRW in a merger in a deal worth $13.5 billion (including debt). As a result of the merger, TRW shareholders are only anticipated to receive $105.60 per share in cash in exchange for each share of TRW. The acquisition will provide shareholders a paltry 'premium' of only 1.7% and in fact, the share price of TRW dropped upon the announcement of the merger. Analysts at Yahoo! Finance have set a $120.00 per share price target for TRW, which is approximately 13.6% more than what TRW shareholders are expected to receive.
On September 19, 2014, New Jersey Laborers Pension Fund, a TRW shareholder, filed a class action complaint that challenges TRW's merger with ZF. The complaint was filed in the Michigan Circuit Court in Oakland County, Case No. 2014143032CB.
If you own shares of TRW and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/TRW or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.