Tomkins - Recommended cash offer by consortium

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Slaughter and May is advising Tomkins plc, the global engineering and manufacturing group, on a recommended cash offer for the company by Pinafore Acquisitions Limited, a company formed for the purpose of implementing the acquisition at the direction of, and jointly owned by, a consortium comprising the Onex Corporation and the Canada Pension Plan Investment Board.

The offer, which was announced on 27 July 2010, values Tomkins at approximately £2.89 billion and is to be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act.

Nigel Boardman (partner), Nilufer von Bismarck (partner), Susannah Macknay (associate); Pensions and Employment: Eddie Codrington (partner); Competition: Bertrand Louveaux (partner), Paul Walter (associate), Naomi Burgoyne (associate); Tax: William Watson (partner), Thomas Jarvis (associate)