UPDATE 2-Tomkins recommends $4.5 bln Canadian bid

Newswire

* Tomkins recommends 325 p/share offer * Bid has backing of large shareholders * Offer from Onex, Canada Pension Plan consortium * Shares up 5.3 percent (Adds detail from statement, analyst comment, shares) LONDON, July 27 (Reuters) - British car parts maker Tomkins Plc has recommended an offer from Canada's largest private equity firm, despite concerns from some shareholders that the 2.9 billion pounds ($4.5 billion) pricetag undervalues the company. Pinafore Acquisitions, a ...

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