Battle over hostile takeover deepens as chairman says NSF’s actions were ‘unlawful’

The Chairman of Bradford-headquartered listed sub-prime lender Provident Financial has this morning criticised the running of Non-Standard Finance (NSF) and once again urged shareholders to take action over the £1.3bn hostile takeover offer - as he says actions by NSF were "unlawful."

Publishing his letter this morning, chairman Patrick Snowball, who has been in the position six months, said the firm had been asking questions of NSF since the initial offer was made in February. Late on Friday, ... For the full story register now for free or login below...