14.02.2017

It’s all over

Loxam and Lavendon have confirmed that shareholders representing 88.32 percent of the company’s equity have now accepted the Loxam offer of £2.70 a share. As a result it will seek to de-list the shares from the stock market.

As previously stated it will also look to apply a compulsory purchase order for any remaining shares IF acceptances go on to exceed 90 percent. See Loxam has control of Lavendon

The latest news comes just 24 hours after the company confirmed that had control, of Lavendon, and indicates that TVH, which held over 20 percent of the shares, has already accepted the offer.