Edition:
India

Provident Financial Says Schroders Says In Letter It Would Not Be Accepting NSF's Offer For PFG


Wednesday, 8 May 2019 

May 8 (Reuters) - Provident Financial ::PUBLISHES LETTER SENT BY SCHRODERS TO CO'S CHAIRMAN ON TUESDAY REGARDING NSF'S UNSOLICITED OFFER.SCHRODERS SAID IN LETTER IT WOULD NOT BE ACCEPTING NSF'S OFFER FOR PFG.SCHRODERS SAID IN LETTER IT DOES NOT BELIEVE NSF'S OFFER IS "IN BEST INTEREST" OF PFG SHAREHOLDERS.SCHRODERS SAID INTEREST OF PFG SHAREHOLDERS WOULD BE BEST SERVED BY EXISTING MANAGEMENT CONTINUING TO EXECUTE ON RECOVERY PLANS.