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...
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