Major investor doubles down on Provident takeover rejection
Schroders, a major shareholder at embattled Provident Financial has doubled down on its rejection of a hostile takeover from Non-Standard Finance.
The increasingly bitter dispute over the takeover continued today after Schroders made a statement regarding NSF’s declaration that their offer was ‘unconditional’. Schroders represent 14.6% of the shares in Provident.
Kevin Murphy, fund manager, Schroders: "We have noted the announcement from NSF that its Offer for Provident Financial has become unconditional as to acceptance... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...