Loxam ups bid for Lavendon to £459m
The fierce battle for control of Leicestershire powered access provider Lavendon has entered a new phase, with one its suitors upping its bid for a third time.
Loxam has tabled a bid of 270p per share, valuing the company at £459m.
The move comes after rival bidder TVH Group upped its bid at to 261p per share at the start of the month.
The rivals have been slugging it out for some months now, with French firm Loxam appearing to be the Lavendon board's preferred bidder.
Meanwhile, TVH issued the following statement this morning (J... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...