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...
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