Livonia, Mich. • Auto parts supplier TRW Automotive said Thursday that it has received a preliminary acquisition offer.
Livonia, Michigan-based TRW said that it is evaluating the non-binding proposal. It did not name the bidder. TRW also said it is looking at other strategic options that may help boost shareholder value.
TRW Automotive Holdings Corp. said that it will continue to use its existing business plan during its review, which does not have a set timetable.