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Heartland may buy a business instead of returning $100m to shareholders

Heartland Bank may renege on its promise made last November to return $100m to shareholders – and spend the money on buying a business instead. With special audio feature.

Jenny Ruth
Wed, 24 Feb 2016

Heartland Bank [NZX: HNZ] is eyeing potential acquisitions and so may not keep its promise to return $100 million to shareholders, as it flagged at November’s annual shareholders’ meeting.

The bank now says it sees greater opportunity for acquisitions, although it may still return the funds to

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Jenny Ruth
Wed, 24 Feb 2016
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Heartland may buy a business instead of returning $100m to shareholders
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