Redflex shareholders reject takeover bid

Redflex shareholders rejected the bid by US-based private equity firm The Carlyle Group and Australia's major investment bank Macquarie Group to take over the traffic enforcement products and services specialist. Despite the Redflex board having unanimously recommended acceptance of the offer, which was AU$2.75-a-share, valuing the company at $303.5 million, the bid remained unsuccessful.
May 16, 2012 Read time: 1 min
112 Redflex shareholders rejected the bid by US-based private equity firm The 2257 Carlyle Group and Australia's major investment bank 802 Macquarie Group to take over the traffic enforcement products and services specialist. Despite the Redflex board having unanimously recommended acceptance of the offer, which was AU$2.75-a-share, valuing the company at $303.5 million, the bid remained unsuccessful.
Detection, Monitoring & Machine Vision Enforcement

For more information on companies in this article

Related Content

May 21, 2012

Redflex acquires Smart Bus

Redflex Traffic Systems has acquired SBL Investments, and Americore Enterprises, leading providers of automated school bus arm photo enforcement in the United States. SBL and Americore offer the Smart Bus system, a dedicated on‐bus photo enforcement system intended to ‘Protect Our Most Precious Cargo, our children’. The acquisition positions Redflex as a leading provider of school bus safety photo enforcement technology at a time when more and more school districts are using the technology to deter reckless
boombox1

Highlighted Content

boombox2