BUZZ-NZ's Heartland Group gains most in over 6 years on Heartland Bank-TSB Bank merger

Heartland

Heartland

HGH

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** Shares of New Zealand's Heartland Group HGH.NZ rise as much as 13.2% to NZ$1.29, post their biggest intraday pct gain since April 17, 2020

** Stock touches highest level since March 4

** Stock set for a third straight session of gains, if current trend holds

** Financial services firm reaches merger implementation agreement with Toi Foundation to merge Heartland Bank and TSB Bank

** Says under agreement, co to acquire from Toi Foundation all TSB shares on issue for approximately NZ$620 million ($367.91 million)

** YTD, HGH up 10.3%

($1 = 1.6852 New Zealand dollars)


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