TVH tops Loxam bid for Lavendon

TVH Group has increased its offer for the acquisition of Lavendon Group, for a second time, to 251 pence per share, one pence higher than Loxam's latesr offer last week.

The offer for 100% of Lavendon would bring the value of the buyout to £427 million and represents an increase of 80.6% above the Closing Price of 139 pence on 21 November - the last business day before the start of the offer period.