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P502 Teletext 502 Jan26 22:17:34    ———————  ————————————————  BIDDING WAR BREAKS OUT OVER LUCASVARITY The bidding battle for LucasVarity hotted up as the car parts group said it was in advanced talks with a possible US bidder believed to be TRW. The announcement pitches TRW in direct competition with US rival Federal- Mogul, whose offer of £3.9bn, or 280p a share, was rejected yesterday. It was reported that TRW, based in Cleveland, Ohio, would bid around 290p — £4.05bn. ——————————————————————————————————————— Share index 510 Market report 517 IT RECRUITMENT ADVERTISING p631 Next Index Shares Family Finance