Provident Financial shareholders urged to ‘take no action’ on £1.3bn takeover offer
A rival firm has lodged a £1.3bn offer to acquire Bradford-based subprime lender, Provident Financial, and shareholders have now been urged to .
Non-Standard Finance (NSF) is looking to takeover Provident Financial to “create a market leader in the non-standard finance sector.”
NSF has also revealed that more than 50% of Provident's shareholders are supporting the deal.
The company has valued each Provident share at 551 pence and the entire share capital at £1.3bn.
Once the proposed deal is completed, Provident shar... For the full story register now for free or login below...