I think the original may have been updated too.
I found reading the summaries gave you a fair understanding of the book.
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Meanwhile, increasing heat on the Australian banks re rate rigging accusations.
http://www.bbc.com/news/business-37127579
Global Dairy Trade results over night reasonably positive
Good for Heartland share price (for whatever reason pretty strong relationship between the two)
http://www.theaustralian.com.au/busi...2319d484c3e9f9
UDC sale getting closer...
Busy and exciting times with dairy famers 'back in black' and UDC sale on the horizon:t_up:
Good eh t_j
So Kohlberg Kravis Roberts, Macquarie Group and Heartland Bank are touted as suitors
Despite Heartland continually repeating "Acquisitions remain a part of Heartland’s growth strategy, but they must be value accretive and either deliver innovation or a compelling distribution capability" I can see Jeff salivating at the mouth at the prospects of acquiring UDC.
An opportunity to great to miss no matter what the cost. One doesn't get that many opportunities to make a name for oneself and life must be pretty boring for him at the moment. Just say the magic words 'eps accretive' and its all honky dory and share holders will front up with zillions to make it happen.
Essentially:
Deutsche gets set to launch the sale process of ANZ’s UDC Finance operation across the Tasman at the end of this month, suitors being touted as the likely buyers include Kohlberg Kravis Roberts, Macquarie Group and Heartland Bank.
UDC is a major NZ asset finance company, providing financing for plant, vehicles and equipment, along with secure term investments and call accounts.
It comes after ANZ last year sold its Australian auto finance operation Esanda to Macquarie and General Electric’s consumer finance operation was sold to a consortium including KKR.
Thanks to HBL's great dividend (even better than ARV's;)), and similar to HBL itself, I am "well positioned", and will have some cash around for the capital raising to acquire UDC (should this opportunity materialize) ;)