Hints and tips:
...Ryan Tomkins, an analyst at Jefferies, said the two issues were “likely to weigh” on investors....
...In 2003, US private equity group Carlyle was sent packing and a few years later engineering group Tomkins was given short shrift. Even Melrose had backed down after previous overtures were rebuffed....
...“It is more confidence than reality,” said Mike Tomkins, chairman of MandM Direct, an online clothing store based in Herefordshire....
...Sometimes it’s nice to be Pete, middling hockey player, not tyrannosaurus Tomkins, scourge of the equity markets. Even if some of the team laugh at your tattoo....
...Cook uncloseted The coming out of Apple’s Tim Cook is a chance to remind readers of Tomkins’ Rule....
...These include the 2010 sale of Tomkins, which was taken private by a Canadian consortium in a deal that valued the automotive component supplier at £2.9bn, and US group Emerson Electric’s move to pay £1bn...
...And this is biotech, what Tomkins describes as “equity investing at its most raw – risk capital backing intellectual property in an attempt to earn supernormal returns”....
...The sale of Invensys is the latest in a line of foreign takeovers of UK industrial groups that include the 2010 sale of Tomkins, the automotive component supplier, and Emerson Electric’s £1bn takeover of...
...It is fairly easy to understand why a company that produced, for example, guns and buns (as did the UK’s Tomkins until 1999, when it demerged its breadmaking business Rank Hovis McDougall), could benefit...
...Philip Robert-Tissot, who advised the Canadian consortium’s purchase of Tomkins as well as Chloride in the Emerson acquisition, continues as head of UK banking and broking....
...But the increase was largely created by a few big deals, such as the €3.5bn buy-out of engineering group Tomkins....
...The vote will see a consortium of Onex, Canada’s biggest publicly traded buy-out group, and the Canada Pension Plan Investment Board take Tomkins private by the end of September....
...Opponents of a proposed £2.9bn bid for Tomkins, the UK-listed auto and industrial parts marker, have their last opportunity to speak against the 325p-a-share offer on Tuesday at a general meeting called...
...Standard Life, one of Tomkins’ biggest shareholders with just under 3 per cent, said the bid from the Onex consortium undervalued the the UK engineering company....
...This summer’s takeover of Tomkins, the industrial parts maker, has also added some mergers and acquisitions spice to buoy sectoral price/earnings valuations of 14 times or more. So far, so good....
...A spokesman for Tomkins said that “the board was delighted with the overwhelming support of the shareholders”....
...The biggest factor likely to get in the way of that is time; given Tomkins statement that due diligence is already at an advanced stage . Second, Tomkins appears to be a good fit for Onex....
...A recovery in demand from car manufacturers for power transmission components helped Tomkins lift sales in the six months to July 3 from $2bn to $2.43bn....
...Tomkins shares on Friday closed at 321.8p, suggesting that there were slim chances of the deal being voted down....
...David Newlands, chairman of Tomkins, had long recognised a buy-out might be the former conglomerate’s destiny....
...Tomkins said talks about a possible sale of the UK engineering group to a consortium of Canadian buyers were at an advanced stage, the FT reports....
...Moreover, a bulk of Tomkins’ businesses are based in North America and the Canadian buyers are highly likely to move the company’s base to the US. people@ft.com...
...Tomkins shares opened 31 per cent higher on Monday at 312p....
...However, Tomkins said that he was being “substantially rewarded, as was often the way with private equity deals”....
...Shares in Tomkins rose 7.2p to 307.2p. Toronto-based Sprucegrove Investment Management, Boston-based MFS Investment Management and New York-based BlackRock are among Tomkins’ leading investors....
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