In December 2010 and January 2011, specialised equipment rental business Lavendon Group plc received and rejected two bid approaches. Takeover situations are rarely anything other than unsettling for the management of the company targeted, but a key part of its success in this instance was that it gained the trust of shareholders to make the right decisions by the business.
In this article, Kevin Appleton, Lavendon's former Chief Executive, provides key tips and advice on how a CEO can handle the unwelcome interest of a takeover bid.
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