LVD.L Share News (LVD)

LVD.L Information

There is currently no data for LVD

TVH Group Will Not Up Offer For Lavendon Despite Higher Rival Bid

Fri, 27th Jan 2017 15:22

LONDON (Alliance News) - Belgian industrial equipment firm TVH Group NV on Friday said its third increased offer of 261 pence per share for Lavendon Group PLC is "final" and will not be increased.

TVH has been in a bidding war for London-listed equipment rental company Lavendon with French rival Loxam SAS.

Loxam's latest offer for Lavendon came last week at 270p per share, valuing the company at GBP459 million.

TVH's first bid had been at 205p per share back in September, but was rejected by Lavendon before the bidding battle with Loxam ensued.

Shares in Lavendon were trading down 3.3% at 267.56p on Friday afternoon.

By Karolina Kaminska; karolinakaminska@alliancenews.com; @KarolinaAllNews

More News

18 Jan 2017 08:17

TOP NEWS: Loxam Raises Lavendon Takeover Offer To GBP459 Million

13 Jan 2017 07:57

Lavendon expects revenue to be ahead of expectations after 'strong' 2016

(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

3 Jan 2017 13:07

UPDATE: Loxam Considering Options On Lavendon Bid After New TVH Offer

3 Jan 2017 12:57

EXTRA: Battle To Buy Lavendon Continues Apace With New TVH Offer

3 Jan 2017 12:41

REPEAT: TVH Ups Lavendon Takeover Bid To GBP444 Million

3 Jan 2017 12:33

TOP NEWS: TVH Ups Lavendon Takeover Bid To GBP444 Million

29 Dec 2016 08:33

TOP NEWS: Lavendon Shareholders Sit Tight After Latest Loxam Bid

28 Dec 2016 11:37

Loxam and TVH sweeten bids for Lavendon

(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 incr

23 Dec 2016 18:25

TOP NEWS: TVH Offers GBP427 Million For Lavendon, Trumping Loxam Bid

15 Dec 2016 13:47

UPDATE: Lavendon Tells Shareholders Take No Action On New TVH Offer

15 Dec 2016 13:05

UPDATE: TVH Ups Offer For Lavendon, Loxam Considering Options

15 Dec 2016 12:39

TVH Returns With Higher Offer For Lavendon, Increases Shareholding

14 Dec 2016 09:15

Lavendon directors recommends Loxam offer over TVH

(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

28 Nov 2016 10:24

UPDATE 1-Bid battle looms as Loxam makes takeover approach for Lavendon

* 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

Latest Share Chat

LVD.L Share News (LVD)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TVH Group Will Not Up Offer For Lavendon Despite Higher Rival Bid

Login to your account

Quickpicks are a member only feature

Login to your account