Eroad shares jump almost 60%, Pacific Edge sinks further

Eroad shares jump almost 60%, Pacific Edge sinks further
Eroad’s shares were put in a trading halt on Thursday morning. (Image: Eroad)
Ella Somers
New Zealand’s sharemarket edged down even as shares in transport fleet management software firm Eroad flew up by almost 60%, following the company’s announcement of a full takeover offer at $1.30 a share.The S&P/NZX 50 Index edged down 37.2 points, or 0.3%, to 11,739.05.  Turnover on the entire market was $119.4 million and 41 stocks rose while 84 fell.  Eroad’s shares were put in a trading halt on Thursday morning before the company announced the takeover offer from Toronto stock exchange-listed Constellation So...

More Markets

NZ sharemarket up 0.4% after a2 Milk surge
Markets Market Close

NZ sharemarket up 0.4% after a2 Milk surge

The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.

Graham Skellern 14 Mar 2025
Goldman Sachs downgrades Fletcher Building to sell
Markets

Goldman Sachs downgrades Fletcher Building to sell

Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).

Rebecca Howard 14 Mar 2025
Rayonier exits NZ with $1.2b forestry sale
Primary Sector

Rayonier exits NZ with $1.2b forestry sale

An investment firm bought the stake, which included 116,145 hectares of forestry.

John Anthony 14 Mar 2025
NZME board told 'compromise or be rolled'
Markets

NZME board told 'compromise or be rolled'

Minority shareholders are falling in behind billionaire Jim Grenon's board coup.