NZ Shareholders Association urges partial ERoad takeover

NZ Shareholders Association urges partial ERoad takeover
NZ Shareholders Association CEO Oliver Mander seeks a middle way for ERoad. (Image: NZME)
Pattrick Smellie
A partial takeover of ERoad may be preferable to all parties than the full takeover proposed by Canadian tech acquisition specialist Constellation Software, the New Zealand Shareholders Association suggests.In a note to members, NZ Shareholders Association (NZSA) chief executive Oliver Mander acknowledges that some long-term shareholders may see Constellation’s $1.30 a share offer as “a way out from what is likely to have been a poor investment over the years”.“Nonetheless, for shareholders with a longer-term horizon, th...

More Markets

NZX 50 ends the week down 1.5% in flurry of index reweighting
Markets Market close

NZX 50 ends the week down 1.5% in flurry of index reweighting

The S&P/NZX 50 index dropped 89.42 points, or 0.8%, to 11,682.39.

Paul McBeth 21 Jun 2024
KMD Brands guidance undershoots analysts' forecasts
Retail

KMD Brands guidance undershoots analysts' forecasts

Group sales between February and May have fallen 8.4% year-on-year.

Analysts downgrade Channel Infrastructure
Infrastructure

Analysts downgrade Channel Infrastructure

The move follows BP's selling its stake.

Ian Llewellyn 21 Jun 2024
NZ shares rally as economy edges out of recession
Markets Market close

NZ shares rally as economy edges out of recession

The S&P/NZX 50 index rose 100.62 points, or 0.9%, to 11,771.81.

Paul McBeth 20 Jun 2024