USA: Blackstone Group agrees to TRW Automotive buy
Northrop Grumman Corporation has signed an agreement to sell TRW Automotive to the Blackstone Group for $US4.725 billion. The Blackstone Group, a leading private investment firm, recently raised the world's largest private equity fund at $6.45 billion, and the purchase of TRW Automotive will be the first investment made by this fund.
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