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Tyman tweaks up takeover deal with special dividend

Lock maker Tyman (LSE:TYMN) has negotiated a tweak to its takeover by US peer Quanex Building Products Corp.

In April the London listed company shook hands on a 400p deal, valuing it at £788 million.

Today, it said shareholders will also receive a special interim dividend of 15p, though it is conditional upon takeover being approved.

If the takeover scheme is not sanctioned, no special dividend will be paid.

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