At Shoeshine’s deadline, it looked very much as if the latest takeover bid for Abano Healthcare is doomed to fail.
Spark’s takeover offer for TeamTalk may be viewed as opportunistic and hostile but it has also come about because the company has stumbled into the bargain basement.
Banks have been doing it tough as interest rates fell and their profit margins were squeezed. But Heartland Bank, which doesn’t even try to compete with the industry big boys, has actually been swelling its profit margins. Now, it’s competing in a battle for deposits as credit growth outstrips growth in deposits. But Shoeshine reckons Heartland will continue marching to a different drum to the rest of the banking industry.