StockMarketWire.com - Provident Financial noted the announcement from Non-Standard Finance (NSF), but continues to have very material concerns about the strategic, operational and financial merits of the takeover offer.
Provident Financial said it is keen to ensure that all of its shareholders, including those that do not have a shareholding in NSF, have full clarity with respect to the terms and implications of the NSF Offer.
The Provident board said it continues to explore all appropriate alternatives to maximise value for all our shareholders and re-confirms that it does not recommend the NSF offer.
The board strongly advises all Provident shareholders to take no action in relation to the NSF Offer.
At 9:46am: [LON:PFG] Provident Financial PLC share price was +1.2p at 518.6p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.