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Concerns that the Blackstone Group could sell all or part of its 57 percent stake in TRW Automotive Holdings Corp. are depressing the share price of the safety equipment supplier, says one analyst.
In a report released Jan. 22, analyst Kirk Ludtke of CRT Capital Group LLC says TRW is better positioned than many of its peers, but its shares trade at a substantial discount.
"We think the market is misreading the situation," Ludtke says in the report.
TRW had no comment on the report.
Blackstone has given no public indication that it plans to sell the shares. Blackstone spokesman John Ford declined to comment on the report.
"It's all about perception and market rumors, "he said.
Blackstone's stake in TRW...