Auto Suppliers Moving On TRW Rumor

Auto suppliers were moving higher Thursday after a rumor surfaced that TRW Automotive TRW may be acquired by ZF Friedrichshafen.

Most of TRW’s sympathy plays opened deep in the red before popping higher on the takeover chatter. Many of the stocks have since subsided.

At last check, TRW was trading 6.4 percent higher.

• American Axle AXL shares are down 0.76 percent
• Tenneco TEN shares are down 0.96 percent
• Lear LEA shares are up 0.57 percent
• Visteon VC shares are down 0.36 percent
• Magna International MGA shares are up 0.05 percent
• Dana Holding DAN shares are down 0.91 percent
• BorgWarner BWA shares are down 0.37 percent
• Johnson Controls JCI shares are down 0.33 percent
• Delphi DLPH shares are down 0.24 percent