Notable Mergers and Acquisitions of the Day 9/15: (TRW) (ALR) (MSFT) (CTSH) (DHR) - InvestingChannel

Notable Mergers and Acquisitions of the Day 9/15: (TRW) (ALR) (MSFT) (CTSH) (DHR)

* TRW Automotive Holdings (NYSE: TRW) announced it has entered into a definitive agreement with ZF Friedrichshafen AG (“ZF”) under which ZF will acquire all outstanding shares of TRW for US$105.60 per share in an all-cash transaction valued at approximately US$13.5 billion on an enterprise value basis. The acquisition price represents a premium of approximately 16 percent and 15 percent over TRW’s undisturbed closing stock price of $91.40 on July 9, 2014 and all-time undisturbed high price of $91.62 on July 7, 2014, respectively, and a 7.6x multiple of TRW’s adjusted EBITDA for the 12 months ended June 27,