Eroad attracts $147m takeover bid from Canadian suitor
Volaris offers 69% premium for telematics business which has struggled to make headway in North America.
Eroad offers telematics for trucking and transportation companies.
Dual-listed telematics business Eroad has received a full takeover bid from Canadian company Volaris Group at $1.30 per share in cash, representing a 69% premium to its closing share price yesterday and valuing the company at $146.8 million.
The NZX and ASX listed trucking telematics provider told
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