British car-parts maker Tomkins (TKS) receives a $4.5B bid approach from Canadian private equity...


British car-parts maker Tomkins (TKS) receives a $4.5B bid approach from Canadian private equity firm Onex (ONEXF.PK) and the Canada Pension Plan Investment Board. It's the latest example of North American buyers eager to capitalize on the pound's weakness to snap up British assets (I, II).

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