UPDATE 3-Tomkins backs $4.5 bln Canadian bid, year's top LBO

Newswire

* Board, Schroders, JPM back 325p offer from Onex and CPP * Stock hits 4-year high just below offer price * Shares up 5.3 percent at 1058 GMT * Biggest European LBO since EMI backed by $3bn of loans (Writes through, adds M&A data, financing, banks, background) By Golnar Motevalli and Quentin Webb LONDON, July 27 (Reuters) - Tomkins Plc, the British maker of car parts, industrial hoses and bath tubs, backed a 2.9 billion pounds ($4.50 billion) takeover offer from Canadian ...

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