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Offer

Loxam increases offer for Lavendon

16 December 2016 08:56

Loxam has increased its recommended cash offer for Lavendon to 250p per share.

This is 20p per share higher than yesterday's increased offer from TVH Group and values Lavendon at £425m.

TVH Group considering its options after noting Loxam's revised offer. TVH is urging Lavendon shareholders to take no action in response to the announcement by Loxam.

At 8:56am:

(LON:LVD) Lavendon Group PLC share price was +16.38p at 258.13p

Story provided by StockMarketWire.com

Related Company: LVD

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