Loxam ups bid for Lavendon to £459m

Aaron Morby 1 year ago
Share

French powered access specialist Loxam has raised its bid for Leiscester-based rival Lavendon for the third time.

The French hirer is in a fierce bid war with Belgian rental company TVH Group for control of Lavendon, which owns Nationwide Platforms.

This morning Loxam tabled a fresh bid of 270p per share, valuing Lavendon at £459m.

Lavendon’s shares were trading at 139p on November 21, just before the first bid from TVH for the UK firm was revealed.

TVH Group also issued a statement this morning which said it was considering its options and urging Lavendon Shareholders to take no action in response to the raised offer.

Latest plant news

Hirer L Lynch open new plant “Super Centre”

Larger HQ will help hirer accommodate growth plans
2 weeks ago

Runaway dumper traps worker in trench

HSE warns over site vehicle maintenance after groundworks accident
1 month ago

Balfour bags £115m Network Rail tamping deal

Seven year contract to operate fleet of 13 maintenance vehicles across Anglia and South East
2 months ago

UK’s largest flat-top crane lands at Heathrow Airport

City Lifting modifies crane to up lift capacity for pre-assembled hotel modules
3 months ago

JCB launches electric mini digger

Battery powered mini will operate all day on single charge with zero emissions
3 months ago

JCB creates 600 jobs to meet boom in global demand

New jobs will be spread around Staffordshire and Derbyshire factories
3 months ago

Plantworx moves to Peterborough for 2019 show

Indoor and outdoor facilities of East of England Arena will stop show being blighted by bad weather
4 months ago

JCB starts production of hi viz dumpers

Latest range is designed to improve site safety
5 months ago

JCB boss Bamford bullish about UK economy

Digger giant boosts spending with UK suppliers by 13%
6 months ago

AGD Equipment to supply another rig to piling specialist Ivor King

Latest deal sees RTG machine added to fleet
6 months ago
AGD Equipment Ltd

Vp buys Brandon Hire for £41.6m

Major deal in the tool and equipment rental sector
8 months ago

CITB buys plant simulators to fill operator skills gap

Sixteen plant simulators will help to train next generation of operators
10 months ago

Shake-up of plant training system divides industry

Changes by CITB come under fire from contractors and training specialists
11 months ago

Plant operators get in-cab entertainment

Latest Hyundai loader boasts car-style "infotainment" system
1 year ago

JCB launches Hi-Viz dumper

Machinery giant launches new model in a bid to prevent site accidents
1 year ago

VP bullish about construction prospects after record results

Equipment rental specialist enjoys growth across all sectors
1 year ago

Countdown to largest UK plant show

More than 15,000 people set to visit Leicestershire Plantworx show in early-June
1 year ago

Worker killed by reversing telescopic handler

Tragedy on disorganised site with no segregation between vehicles and workers
1 year ago

Speedy bounces back into the black

Turnaround plan lifts plant hirer into £14m profit after £58m loss in 2016
1 year ago

Contractors keen on new site huts from Mobile Mini

Site accommodation specialist invests £1m in new fleet of Groundhog units
1 year ago

Vp swoops on specialist M&E hirer

Jackson Mechanical Services M&E tool hire arm sold for £3.6m
1 year ago

HSS racks-up £17.4m loss as closures continue

Equipment hire specialist optimistic as branch and distribution network streamlined
1 year ago

Banner Plant expands into Leicestershire

Banner Plant swoops on independent rival Premier to strengthen East Midlands offer
1 year ago

Fairfax buys 80 Hitachi 8t diggers

Selby hirer places biggest order in company's history
1 year ago

Company fined £700,000 for MEWP death fall

Washing machine giant fined after 66-year-old contractor dies during factory repair work
1 year ago

A-Plant snaps up Kier’s hoist business

Kier sheds last of plant and equipment interests
1 year ago

Mick George on the hunt for franchised drivers

Contractor looking for drivers to take on franchises at construction haulage arm
1 year ago

Loxam ups bid for Lavendon to £459m

Belgian and French giants slug it out for control of Leicester-based powered access specialist
1 year ago

Plant hirer Hewden crashed owing £240m

Unsecured creditors told there is little prospect of being paid
1 year ago

Plant hire boss jailed after platform collapse kills worker

Court hears how mobile platform boom should have been replaced rather than repaired
1 year ago

Contractor services