UK: Tomkins backs Canadian takeover bid

Tomkins Plc has backed a £2.89bn (US$4.5bn) takeover bid from a consortium comprising Canada's largest private equity firm Onex and the country's second-largest pension fund, Canada Pension Plan (CPP) Investment Board. More than a week earlier, the supplier acknowledged receiving a proposal from the consortium. Tomkins had then allowed Onex and Subscribe to Automotive World … Continued

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• July 28, 2010