UK car parts firm TI Fluid Systems bought by Canadian rival in latest overseas takeover

By The Guardian   |   1 year ago
UK car parts firm TI Fluid Systems bought by Canadian rival in latest overseas takeover

TI Fluid Systems, a London-listed company, faces takeover by Canada's ABC Technologies, leading to job cuts globally. The deal will reduce staff levels in Oxford by a third, raising worries about businesses leaving the London stock market amid recent acquisition activities.

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