Wed, 28th Dec 2016 11:37
(ShareCast News) - Equipment rental company Lavendon expects revenues to be ahead of expectations due to a "strong" trading performance in 2016 and the weak pound, but it remained cautious over the UK's economic outlook. The company saw "strong" rental revenue growth in 2016 due to investment in an
Read more(ShareCast News) - Lavendon has agreed to be taken over by equipment rental group Loxam at a price of 220p in cash, valuing the aerial work platforms specialist at rouhgly £374m. Lavendon's directors will recommend the offer, which is at a 58.3% premium to the closing price on 21 November when th
Read more* Loxam approaches Lavendon over potential cash takeover offer * TVH Group last week made 205 pence a share proposal * Shareholders could expect 215-220 pence a share - analyst * Lavendon shares jump 7.7 pct to two-year high (Adds analyst comment, details, background, share mo
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