18 Jan 2011 12:04
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18th January 2011
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Lavendon Group plc ("Lavendon" or the "Company")
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RESPONSE TO STATEMENT OF INTENTION FROM ASHTEAD GROUP PLC ("ASHTEAD") AND TVH SERVICES N.V. ("TVH") NOT TO MAKE A FIRM OFFER FOR LAVENDON
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The Board of Lavendon notes the announcement issued today by Ashtead and TVH that they will not proceed with an offer for the Company.
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John Standen, Lavendon's Chairman, commented:
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"I'm delighted that this uncertainty has been removed. We have a clear set of objectives to enhance shareholder value and Lavendon is very well positioned. With a strengthened Board, supportive shareholders and the business review significantly progressed, we are looking forward to the future with confidence."
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