TRW receives subpoena from Department of Justice

By @ibtimes on

Auto parts maker TRW Automotive Holdings Corp said it received a subpoena from the U.S. Department of Justice regarding an antitrust investigation.

The company, which is valued at about $6.9 billion, said it cannot estimate the financial impact resulting from this.

TRW said on June 7 the European antitrust authorities had visited some of its locations in Germany to obtain information in connection with an anti-competitive investigation in the European Union.

A related request was made in the United States.

The Livonia, Michigan-based TRW said it is fully co-operating with the competition authorities.

Shares of TRW, which closed at $55.85 on Friday on the New York Stock Exchange, were down 2 percent in premarket trade on Monday.

(Reporting by Fareha Khan in Bangalore; Editing by Don Sebastian)

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