NZ Shareholders Association urges partial ERoad takeover

NZ Shareholders Association CEO Oliver Mander seeks a middle way for ERoad. (Image: NZME)

Mon, 03 Jul 2023

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...

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