Heartland Group Holdings Approve Proposal to Acquire TSB Bank, Merge With Heartland Bank
MT Newswires Live
Yesterday
Heartland Group Holdings (ASX:HGH, NZE:HGH) shareholders approved the proposal to acquire from Toi Foundation all TSB Bank shares on issue and subsequently merge Heartland Bank and TSB to create TSB Heartland Bank, according to a Thursday New Zealand and Australia bourse filing.
The company said shareholders representing 58.09% of Heartland's issued capital voted on the transaction, with about 95% of votes cast in favor.
Heartland Group's Australian shares gained about 1% in recent Thursday trade, while its New Zealand shares shed about 2%.
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