TI Fluid Systems rebuffs bid from Apollo-backed ABC Technologies Business British car part supplier TI Fluid Systems has rejected two offers from rival Canadian firm ABC Technologies, concluding they “significantly undervalued” the London-listed firm. The FTSE 250 constituent, which specialises in fluid handling and operates nearly 100 manufacturing countries in 27 countries, confirmed in a statement that it had received a second “unsolicited, highly preliminary” [...]
TI Fluid’s shares spike as firm outperforms soft EV market Business Shares at automotive components manufacturer TI Fluid Systems spiked on Thursday despite a dip in revenue as it raised margin guidance and outperformed a weak market. Revenue at the FTSE-250 listed firm, which designs and manufactures thermal management and fluid handling systems, declined by 1.4 per cent at constant currency in the six months ended [...]