Chilton Corp

TRW Inc. said Monday that it has reached an agreement to buy Chilton Corp. from Borg-Warner Corp. for about $360 million. Chilton operates consumer credit reporting, accounts receivable management and related businesses. Chilton, headquartered in Dallas, is a wholly owned subsidiary of Borg-Warner, based in Chicago. Chilton will become a part of TRW Information Systems Group, which provides information and information processing assistance to the financial services industry.

Reed Elsevier, a British-Dutch media company, said it is buying a trade magazine publisher and two other Walt Disney Co. units for $447 million. Reed Elsevier said it will pay cash for the three main units of Chilton Business Group, which was owned by Disney's ABC television network. The purchase of the Chilton companies will add to earnings from the start and provide significant tax benefits, Reed Elsevier said. Last year, Chilton posted a pretax profit of $28 million on sales of $203 million.

A year to the day after announcing its biggest acquisition ever, TRW Inc. on Monday closed its $330-million cash purchase of Chilton Corp., a rival credit-reporting company based in Dallas. Chilton's operations will be folded into TRW's Information Services division in Orange, making TRW the nation's largest credit-reporting agency, according to Edward Freeman, a TRW vice president and project manager for the acquisition.

A year to the day after announcing its biggest acquisition ever, TRW Inc. on Monday closed its $330-million cash purchase of Chilton Corp., a rival credit-reporting company based in Dallas. Chilton's operations will be folded into TRW's Information Services division in Orange, making TRW the nation's largest credit-reporting agency, according to Edward Freeman, a TRW vice president and project manager for the acquisition.

Reed Elsevier, a British-Dutch media company, said it is buying a trade magazine publisher and two other Walt Disney Co. units for $447 million. Reed Elsevier said it will pay cash for the three main units of Chilton Business Group, which was owned by Disney's ABC television network. The purchase of the Chilton companies will add to earnings from the start and provide significant tax benefits, Reed Elsevier said. Last year, Chilton posted a pretax profit of $28 million on sales of $203 million.

TRW Inc. said Monday that it has agreed to acquire Chilton Corp., a major credit-reporting company based in Dallas, for $360 million in cash and will merge the firm into its TRW Information Services in Orange. The acquisition, if cleared of antitrust problems by the U.S. Justice Department, will give TRW Information Services a big presence in the Midwest through Texas and Montana, an area that TRW does not serve. TRW expects to close the deal within three months, according to Richard D.C.

Under the agreement, Borg-Warner will begin a cash tender offer today for any and all shares of Chilton Corp., a Dallas-based credit reporting agency. Unless extended, the offer expires at midnight Dec. 26. There are about 7.1 million shares of Chilton common outstanding. Chilton's board of directors has unanimously approved the tender offer.

An independent credit bureau in Oregon has filed suit against TRW Inc., charging that the company's Orange-based credit reporting division engaged in price fixing and anti-competitive practices. National Information Services Inc. of Tualatin, Ore., alleges that TRW and the largest national broker of its credit information, Credit Bureau Reports Inc. of Houston, acted in concert to eliminate competition and monopolize the market for their credit network services.

TRW Inc. said Monday that it has reached an agreement to buy Chilton Corp. from Borg-Warner Corp. for about $360 million. Chilton operates consumer credit reporting, accounts receivable management and related businesses. Chilton, headquartered in Dallas, is a wholly owned subsidiary of Borg-Warner, based in Chicago. Chilton will become a part of TRW Information Systems Group, which provides information and information processing assistance to the financial services industry.

TRW Inc. said Monday that it has agreed to acquire Chilton Corp., a major credit-reporting company based in Dallas, for $360 million in cash and will merge the firm into its TRW Information Services in Orange. The acquisition, if cleared of antitrust problems by the U.S. Justice Department, will give TRW Information Services a big presence in the Midwest through Texas and Montana, an area that TRW does not serve. TRW expects to close the deal within three months, according to Richard D.C.

General Electric Co. will buy Borg-Warner Corp.'s chemical business for $2.31 billion in cash in a deal announced Thursday that will help Borg-Warner pay off the huge debts acquired in going private last year. The deal will also swell the size of GE's rapidly growing plastics business, which will do sales of nearly $3 billion this year. "This is a big-time deal," said Nicholas P. Heymann, an analyst for Drexel Burnham Lambert Inc. in New York.