By Ali Lyon 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” offer from the Apollo-backed ABC Technologies. The latest offer, made on September 4, valued TI Fluid Systems at 176p a share, a premium of 20.7 per cent to its closing price on September 13. Th…