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 British equipment supplier TVH Group , who tabled a deal half-year to acquire Lavendon for 205 pence . Loxam said it had asked Lavendon shareholders not to take action supporting TVH 's offer as it was in talks with Loxam 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. Lavendon also advised its shareholders last week to take no action on TVH’s 205 pence per share recommended offer, citing concerns over execution risk and potential disruption to its business. 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 British equipment supplier TVH Group , who tabled a deal half-year to acquire Lavendon for 205 pence . Loxam said it had asked Lavendon shareholders not to take action supporting TVH 's offer as it was in talks with Loxam 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.