TRW spikes after ZF Friedrichshafen lines up funds for a bid

|About: TRW Automotive Holdings C... (TRW)|By:, SA News Editor

TRW (TRW +2.7%) soars higher after news breaks from Germany that ZF Friedricshafen has lined up $13B from banks for a takeover offer.

Shares of TRW have been halted by the Nasdaq due to volatility.