TVH Raises Lavendon offer to Slightly Above Loxam's Bid

Belgian equipment rental company TVH Group NV has raised its offer for Britain’s Lavendon Group Plc to 444 million pounds ($545 million), slightly topping an offer from French rival Loxam SAS.

Jan 4, 2017

Belgian equipment rental company TVH Group NV has raised its offer for Britain’s Lavendon Group Plc to 444 million pounds ($545 million), slightly topping an offer from French rival Loxam SAS.

TVH said it was now offering 261 pence per Lavendon share, up from its previous offer of 251 pence.

Loxam offered 260 pence per share on Dec. 28.

TVH also said it now owned about 20.4 percent of Lavendon.

For more about TVH's latest offer for Lavendon...

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