December 14, 2016 / 7:20 AM / 10 months ago

BRIEF-Loxam SAS says reached agreement to acquire Lavendon Group

Dec 14 (Reuters) - Loxam SAS

* Offer for Lavendon Group Plc

* Boards of directors of Lavendon and Loxam are pleased to announce that they have reached agreement on terms of a recommended all cash offer

* Lavendon shareholders will receive 220 pence in cash for each Lavendon share, valuing entire issued share capital of Lavendon at c.374.0 million stg

* Received undertakings from lavendon directors on their holdings being about 0.55 percent of issued share capital of Lavendon as at 13 December Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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