Provident Financial PLC (PFG.L)
18 Apr 2019
April 3 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
British sub-prime lender Provident Financial stood its ground against a hostile bid by smaller rival Non-Standard Finance on Tuesday, raising new concerns about the strategic, operational and financial merits of the offer.
April 2 British sub-prime lender Non-Standard Finance has secured commitments for more than 50 percent of shares with its hostile bid for troubled larger rival Provident Financial, the company said on Tuesday.
March 26 British subprime lender Non-Standard Finance (NSF) said on Tuesday its investors had authorised the issue of new shares for its planned hostile takeover of Provident Financial.
March 25 British lender Provident Financial Plc on Monday named a new managing director and chairman for its banking unit, which is at the heart of its defence against a 1.3 billion pound hostile takeover bid from Non-Standard Finance .
* Reiterates NSF offer not in the interests of all shareholders (Adds CEO, analyst comments, shares, graphic)
March 13 Troubled subprime lender Provident Financial Plc swung to a pretax profit in 2018, bolstering its defence against a hostile takeover by smaller rival Non-Standard Finance Plc..
March 11 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
* Canaccord analyst do not expect rival bid (Adds details about share price, bid value, analyst comment)
March 8 Subprime lender Non-Standard Finance Plc (NSF) said on Friday that it was still looking to buy and transform Provident Financial Plc, even after its bigger rival rejected its unsolicited 1.3 billion pound takeover offer.