Provident Financial goes on the attack in takeover battle
Provident Financial has launched a detailed and robust rebuffal of Non-Standard Finance's (NSF) £1.3bn takeover bid as it attempts to influence shareholders to back the existing board.
The Bradford-based subprime lender has endured a torrid couple of years, although now has a different management team in place.
Former Provident Financial chief executive John van Kuffeler left his role to set up NSF five years ago, and has quickly built the business into a rival - and potential owner - of Provident. NSF says it has the suppor... For the full story register now for free or login below...