September 23, 2014 (Shareholders Foundation) - An investor, who currently holds shares of TRW Automotive Holdings Corp. (NYSE:TRW), filed a lawsuit in effort to halt the proposed takeover of TRW Automotive Holdings Corp. by ZF Friedrichshafen AG for $105.60 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:TRW stockholders by agreeing to sell TRW Automotive Holdings too cheaply via an unfair process to ZF Friedrichshafen AG.

On September 15, 2014, TRW Automotive Holdings Corp. (NYSE:TRW) announced it has entered into an agreement with ZF Friedrichshafen AG under which ZF Friedrichshafen AG 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.

However, the plaintiff claims that the offer is too low and undervalues TRW Automotive Holdings Corp. Indeed, at least one analyst has set the high target price for NYSE:TRW shares at $115 per share. Furthermore, TRW Automotive Holdings Corp. reported that its annual Total Revenue rose from over $14.38 billion in 2010 to over $17.4 billion in 2013. Shares of TRW Automotive Holdings Corp. (NYSE:TRW) grew from $21.677 per share in February 2010 to as high as $91.62 per share in early July 2014.

On September 22, 2014, NYSE:TRW shares closed at $102.51 per share.