STAN­DARD LIFE DE­FEATED IN BID TO PRE­VENT TOMKINS TAKEOVER

The Herald Business - - The month in headlines -

Sep 1

Heavy­weight Scot­tish in­sti­tu­tional share­holder Stan­dard Life In­vest­ments suf­fered over­whelm­ing de­feat yes­ter­day in its at­tempt to pre­vent what it claimed was a cut-price takeover of UK en­gi­neer­ing com­pany Tomkins by a Cana­dian con­sor­tium. A de­ci­sive ma­jor­ity of share­hold­ers in Tomkins voted in favour of the en­gi­neer­ing com­pany’s £2.9bn takeover by Cana­dian pri­vate eq­uity firm Onex Cor­po­ra­tion and the Canada Pen­sion Plan In­vest­ment Board.

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