TRW Automotive offering 6.7M shares.

(From AFX Europe (Focus))

LIVONIA, Mich. (AFX) - TRW Automotive Holdings Corp. on Tuesday said it expects a public offering of more than 6.7 million common shares will raise about $155 million that the company will use to buy out Northrop Grumman's Corp.'s ownership stake.

The offering, which is being underwritten by Lehman Brothers, is expected to close by Friday.

TRW will buy Northrop Grumman's remaining ownership position of more than 9.7 million shares of TRW's common stock for about $210 million. TRW said it also expects that transaction will close …