BREAKINGVIEWS-Tomkins takeover disclosure is two-part comedy

Newswire

-- The author is a Reuters Breakingviews columnist. The opinions expressed are his own -- By Neil Collins LONDON, July 27 (Reuters Breakingviews) - The surprise in the offer for one of Britain's last conglomerates turns out to be the management's involvement with the buyers. The directors of Tomkins are recommending the terms to shareholders, but the executives are taking equity which could give them 15 percent of the bidding company. On July 19, Tomkins revealed that trading had been ...

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