TI Group PLC said it has agreed...

TI Group PLC said it has agreed to acquire Bundy Corp., an American tubing manufacturer, for $146.5 million. In the latest in a wave of British acquisitions of U.S. companies, TI, a big British engineering firm, agreed to pay $40 a share in a cash deal that values the American concern at $136.3 million. It said it also would pay Bundy’s 3.4 million shareholders three $1 dividends later in the year. The company said this deal amended an earlier agreement reached last September that was suspended in November when TI’s shareholders rejected the acquisition plan after the October stock market crash.