WILMINGTON, Del., Sept. 15, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of TRW Automotive Holdings Corp. ("TRW" or the "Company") relating to the sale of the Company to ZF Friedrichshafen ("ZF"). On September 15, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which ZF will acquire TRW in a merger in a deal worth $13.5 billion. 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.
Our investigation so far has revealed that the consideration TRW shareholders are expected to receive is inadequate. 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. Tellingly, in response to the announcement of the merger, TRW's share price has already declined today in trading.
Our firm is also investigating whether TRW directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Additionally, our firm is also investigating the Company's financial advisor, Goldman Sachs, and whether Goldman Sachs conducted a fair sales process.
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. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.