Tomkins shareholders have sold the UK engineering firm on the cheap

Tomkins shareholders have approved a ‘miserable’ £2.9bn bid for the British engineering company So much for David Cumming’s prediction that Tomkins’ shareholders would reject the £2.9bn bid from a Canadian duo of private equity firm and pension fund. The top dog at Standard Life Investments pledged to vote his 3% holding against an offer that was “without a shadow of doubt too low”. In the event …
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