TRW Credit Report to Disappear
TRW Long Associated With Consumer Credit Reports, Sells Its Information Services Business.
The New Company will be named Experian
TRW TO SELL ITS INFORMATION SERVICES BUSINESS
For Release: February 9, 1996
TRW Inc. today announced an agreement with a privately held corporation capitalized by Bain Capital, Inc., and Thomas H. Lee Company relating to the spinoff of TRW's information services business (IS&S) in a transaction valued at over $1 billion. The sale, which will be structured as a recapitalization, is expected to be completed in the second half of the year.