- ZF Friedrichshafen has offered concessions in a bid to secure EU approval for its $13.5B takeover of TRW Automotive (NYSE:TRW).
- Previously, ZF sold its steering systems business to Robert Bosch to remove possible regulatory concerns over the acquisition.
- The European Commission will now decide by March 12 instead of Feb. 25 whether to clear the deal.
- Previously: TRW Automotive confirms sales to ZF Friedrichshafen (Sep. 15 2014)