Move by smaller rival Non-Standard Finance has backing of key shareholder
Provident Financial, the doorstep lender that charges interest rates of 535%, has received a surprise £1.3bn takeover bid from a smaller rival led by its former chief executive.
The unsolicited bid for the “Provvy” from Non-Standard Finance (NSF), run by John van Kuffeler, has the backing of the key shareholder Neil Woodford and others who own more than 50% of the company’s shares.
Continue reading...from Mergers and acquisitions | The Guardian https://ift.tt/2IECtEC
No comments:
Post a Comment