Eroad investors grill management on buyout offer

Eroad investors grill management on buyout offer
Eroad's chair Susan Paterson said the company was in part responsible for the company's share price woes. (Image: Eroad)
Staff reporters
Eroad bosses told shareholders on Friday that its poor share price performance was partly of its own making, but say there is a way out of the hole.The shareholder annual meeting was held against the backdrop of a takeover offer by Volaris – ultimately owned by Toronto-listed Constellation Software, and a long-running share price collapse.Chair Susan Paterson said: “It is important to acknowledge that Eroad’s share price performance has been unsatisfactory over the past year, for reasons related to the market but also of our o...

More Markets

Another day, another NZ sharemarket fall
Markets Market Close

Another day, another NZ sharemarket fall

The S&P/NZX 50 Index closed at 12,045.93, down 30.92 points or 0.26%.

Graham Skellern 19 Mar 2025
Global dairy prices steady despite tariff threats
Primary Sector

Global dairy prices steady despite tariff threats

Fonterra is reporting its half-year on Thursday.

Riley Kennedy 19 Mar 2025
What makes a director independent?
Markets Explainer

What makes a director independent?

Independence should be taken seriously, the NZSA’s Oliver Mander says.

Gregor Thompson 19 Mar 2025
New Bremworth board hitting the ground running
Primary Sector

New Bremworth board hitting the ground running

Rob Hewett adds another governance role to his already long list.

Riley Kennedy 19 Mar 2025