31.01.2017

TVH offer lapses

TVH has withdrawn its final £2.61 a share offer for Lavendon and has approval not to formally publish the offer.

The announcement has also confirmed that any acceptances received for the final offer will be returned to shareholders within seven days. Loxam has not yet issued a statement on the level of support it has received for its winning bid of £2.70 but it is highly likely now that it will now gain control of the Lavendon business. See TVH ends bidding war for Lavendon