May 8, 2019 / 6:26 AM / 4 months ago

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

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 Source text for Eikon: Further company coverage:

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