EROAD's Board has received an unsolicited proposal from a subsidiary of Volaris Group to acquire all EROAD shares it does not already own.
After careful consideration, the Board has determined that the offer materially undervalues EROAD's business and has communicated this to Volaris.
EROAD has released a letter to all shareholders detailing the Board's decision.
See more
The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.
Fletcher Building subsidiary Iplex Australia to cover 80% of repair costs.
The bus operator's net loss widened from $8m to $17m in the year to March 31.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details
