ZF Said Able to Raise TRW Bid to as Much as $13 Billion -Bloomberg

By Dow Jones Business News, 
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Lenders have told auto supplier ZF Friedrichshafen AG that financing of as much as $13 billion is available for its all-cash bid to acquire TRW Automotive Holdings Corp. ( TRW ), Bloomberg reported Thursday, citing people familiar with the matter.

ZF, along with Citigroup Inc. ( C ), is exploring a proposal that would value TRW at between $110 to $112.50 a share, two of the people said.

Although talks between the two companies have accelerated, one person said, no deal has been struck and the two sides continue to negotiate on the price, Bloomberg reported.

Full story at http://www.bloomberg.com/news/2014-07-17/zf-said-able-to-raise-trw-bid-to-as-much-as-13-billion.html

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Referenced Stocks: C , TRW

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