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Evening Standard

Anna Wise

British manufacturer TI Fluid Systems agrees £1bn takeover by Canadian rival

the London Stock Exchange London

British vehicle component supplier TI Fluid Systems has agreed to be bought by Canadian rival ABC Technologies (Martin Rickett/PA) - (PA Archive)

British vehicle component supplier TI Fluid Systems has agreed to be bought by Canadian rival ABC Technologies in a deal valuing the business at £1 billion.

It marks the latest loss for the London Stock Exchange amid a flurry of takeover deals and speculation this week.

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