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

  • Swarco’s smart and safety messages for Melbourne
    October 11, 2016
    For the first time at an ITS World Congress in Australia, Swarco is here presenting its capabilities in road safety and intelligent traffic management solutions. An obvious feature of the stand is the company’s brilliant energy-efficient LED-based variable message signs. Adaptive traffic control and smart mobility software platforms are also on display.
    Read More
  • Shaking up the taxi market with smarter ride requests
    February 24, 2016
    Timothy Compston looks at the rise of Uber and ride request mobile apps. There is little doubt that the advent of Uber has come as major shock to established taxi operators and has caused regulators, cities and DOTs to rethink current regulations so they can keep pace with the changing dynamics of the marketplace.
    Read More
  • Kapsch announces distribution of 100 millionth OBU
    October 12, 2016
    ITS specialist Kapsch has used this week’s ITS World Congress in Melbourne to announce a major milestone: the distribution of 100 million of its on-board-units (OBUs). It held a celebratory function hosted by company CEO Georg Kapsch on Tuesday at its stand to mark this achievement, which it passed in January this year.
    Read More
  • NTTA: Diversity boosts access & opportunity
    November 3, 2021
    North Texas Tollway Authority has won IBTTA’s first Diversity, Equity and Inclusion Award. But what made the organisation’s focus on disadvantaged, minority and woman business enterprises stand out?
    Read More

Highlighted Content