Markets & Finance

TRW Agrees to Northrop Grumman's Raised Bid

TRW (TRW) agreed to be acquired by Northrop Grumman (NOC) after NOC raised its offer to about $7.8 billion, or $60 per TRW share. (7/01)

Digene (DIGE) delivered to Cytyc (CYTC) formal notice of its termination of merger agreement. (7/01)

McGrath RentCorp (MGRC) ends merger pact with Tyco (TYC). (7/01)

Network Associates (NET) plans an exchange offer for all (MCAF) Cl. A shares: 0.78 NET share per MCAF Cl. A. (7/01)

Ericsson's (ERICY) chairman says the company has no talks regarding a takeover, although can't rule out future scenarios. (7/01)

The French government reportedly denies rumor it would be willing to renationalize France Telecom (FTE). (7/01)

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