Industrial equipment rental firm Loxam has made a preliminary cash offer to buy Lavendon , a British aerial work platform rental company . The move will spark takeover talks with Belgian equipment supplier TVH , who tabled a deal last week to buy Lavendon for £ 348 m . Loxam said it had asked Lavendon shareholders not to take action supporting TVH 's offer as it was in talks with Lavendon regarding its own . It also asked its shareholders to take no action on TVH 's offer , due to concerns over execution risk and potential business disruption . Loxam did not disclose the value of its offer .
Industrial equipment rental firm Loxam has made a preliminary cash offer to buy Lavendon, a British aerial work platform rental company. The move will spark takeover rivalry with Belgian equipment supplier TVH, who tabled a deal last week to acquire Lavendon for £348m. Loxam said it had asked Lavendon shareholders not to take action supporting TVH's offer as it was in talks with Lavendon regarding its own. Lavendon also asked its shareholders to take no action on TVH's offer, due to concerns over execution risk and potential business disruption. Loxam did not disclose the value of its offer.