BREAKINGVIEWS-Tomkins takeover disclosure is two-part comedy

Newswire

By Neil Collins LONDON, July 27 (Reuters Breakingviews) - Last week, the UK conglomerate said it was opening the books to a private equity consortium. Now the independent directors are recommending an offer with a comic twist: the execs are alongside the buyers. No wonder the bid vehicle is named after a Gilbert & Sullivan opera. A considered view will be published shortly. CONTEXT NEWS -- Reuters story: Tomkins backs $4.5 bln Canadian bid, year's top LBO [ID:nLDE66Q0B4] -- The ...

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