Loxam confirms approach to Lavendon

Loxam has confirmed it has made a preliminary approach to Lavendon regarding a possible cash offer for the company. Loxam says discussions with Lavendon are ongoing and there can be no certainty that any offer will be made, nor as to the terms of any such offer. Loxam urges Lavendon shareholders not to take any action in support of the offer announced by TVH Group NV on 22 November.

At 9:25am: (LON:LVD) Lavendon Group PLC share price was +13.25p at 217.5p