The company also said in a statement on Thursday that its shareholder circular contained a letter explaining why a merger of Speedy Hire and HSS Hire Group Plc at this time - as "promoted" by Toscafund - would not be in the best interests of all shareholders. http://bit.ly/2blYzKq

Industrial tools and equipment rental company Speedy Hire said in December that it was not considering a deal with HSS Hire after Sky News reported the companies had abandoned talks regarding a 300 million pound deal. http://bit.ly/1lZeYFO

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)

Stocks treated in this article : Speedy Hire Plc, HSS Hire Group PLC