Quanex Building Products pounces on Tyman with £788 million takeover bid

Another London-listed business looks set to fall into the hands of an American predator.

This time US-listed Quanex Building Products Corporation has agreeed to purchase Tyman, the London-listed doorbell maker, for £788 million.

It's bit of complicated part cash, part share deal valuing Tyman at around 400p a share. Below is a link to the details of the offer:..