History
When aerospace company Northrop Grumman purchased competitor TRW in 2002, it sold TRW's automotive division to private equity firm The Blackstone Group. TRW Automotive went public in a February 2004 initial public offering (IPO), after which Blackstone held a 56.7% interest in TRW, Northrop Grumman, 17.2%, and TRW management, 1.7%.
Read more about this topic: TRW Automotive
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“I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?”
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