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Loxam and TVH sweeten bids for Lavendon

Wed, 28th Dec 2016 11:37

(ShareCast News) - Loxam SAS has upped its offer Lavendon Group to 260p per share from 250p after rival bidder TVH Group sweetened its offer for the equipment rental company to 251p per share.Lavendon said on Wednesay that its board intends to unanimously recommend that shareholders accept the increased offer from Loxam and continued to advise its holders to take no action with regard to the revised offer for the company announced by Belgium's TVH on 23 December 2016.TVH's offer values the entire share capital of Lavendon as at 23 December at £442m and represents a premium of about 81% to the Lavendon closing price on 21 November, which was the last business day prior to the offer period.TVH said it is "considering its options" and urged Lavendon shareholders to take no action in response to the Loxam announcement.At 1153 GMT, Lavendon shares were up 2.4% to 263.75p.
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28 Nov 2016 08:25

Equipment rental firm Loxam makes preliminary approach for peer Lavendon

Nov 28 (Reuters) - Loxam SAS, a European industrial equipment rental firm, has made a preliminary cash approach to buy Lavendon Group Plc, a British aerial work platform rental firm, it said on Monday. The move lays the grounds for a takeover battle with Belgian equipment supplier TVH Grou

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28 Nov 2016 08:13

Loxam enters the fray for Lavendon

(ShareCast News) - France's Loxam has made a preliminary approach to Lavendon Group about a possible cash offer for the equipment rental company. Last week, Lavendon rejected an offer of 205p per share from Belgian industrial equipment supplier TVH Group, saying support among its shareholders was "n

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22 Nov 2016 10:06

Lavendon Group soars as it rejects £348m takeover

(ShareCast News) - Shares in Lavendon Group soared nearly 40% on Tuesday as the AIM-listed rental company rejected a £348m offer from Belgian industrial equipment supplier TVH Group. The company said that the level of support amongst its shareholders for the take-over was "not forthcoming" and it wa

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22 Nov 2016 08:49

Lavendon Gets Offer From Belgium's TVH But Will Not Recommend

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15 Nov 2016 14:35

Lavendon lifts expectations after third quarter

(ShareCast News) - Powered access equipment rental company Lavendon Group issued a trading update for the nine months to 30 September on Tuesday, with the board saying it remained confident of delivering results for the full year marginally ahead of its original expectations. The company said group

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15 Nov 2016 09:07

Rental Firm Lavendon To Outpace Expectations On Strong Revenue Growth

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1 Sep 2016 18:52

Thursday broker round-up

(ShareCast News) - Virgin Money: Berenberg reiterates hold with a target price of 300p. Alumasc Group: Peel Hunt maintains buy with a 210p target. Morrisons: Goldman Sachs downgrades to sell with a 175p target. Diageo: HSBC reiterates hold with a 2350p target. Lavendon: Berenberg keeps at buy wit

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14 Jul 2016 09:42

WINNERS & LOSERS SUMMARY: SuperGroup Shares Soar On Special Dividend

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14 Jul 2016 06:55

Lavendon Rental Revenue Grows; Margin Hit To Unwind In Second Half

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7 Jul 2016 15:13

UK Earnings, Trading Statements Calendar - Next 7 Days

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14 Apr 2016 15:10

Dividends Calendar - Week Ahead

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14 Apr 2016 07:08

Lavendon Confident On 2016 As First Quarter Revenue Grows

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7 Apr 2016 15:04

Earnings, Trading Statements Calendar - Week Ahead

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7 Apr 2016 15:03

AGM, EGM Calendar - Week Ahead

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18 Mar 2016 09:36

BROKER RATINGS SUMMARY: Nomura Says Reduce StanChart And HSBC

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