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 . $1 = 0.8000 pounds Reporting by Esha Vaish in Bengaluru and Maiya Keidan in London; editing by Susan Thomas 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 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 .