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

Related Content

  • Redflex Traffic Systems announces Redflex Guardian subsidiary
    July 19, 2012
    Redflex Traffic Systems in the US has announced it is expanding its student safety division with the acquisition of SmartBus Live. Since 2008, the SmartBus Live safety camera programme has helped school districts and municipalities monitor and deter drivers who illegally pass school buses while the stop arm is deployed. It will now operate under Redflex’s safety camera programme, Redflex Student Guardian.
    Read More
  • Thales to sell its revenue collection, tolling, car park management business
    November 18, 2016
    International technology company Thales has entered into exclusive negotiations with French private equity firm Latour Capital with a view to divesting its ticketing and revenue collection, road tolling and car park management systems business, in line with the company’s strategy of business portfolio optimisation. With close to 850 employees mainly based in France, the Netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt, this business generated sales of US$165 million (€155 mil
    Read More
  • Blue Bird Corporation to distribute Redflex school bus safety cameras
    February 4, 2013
    Arizona-headquartered Redflex Student Guardian is to partner with school bus manufacturer Blue Bird Corporation to offer safety camera systems on school buses. The Redflex Student Guardian safety camera system monitors and automatically detects drivers who illegally pass school buses while students are embarking and disembarking. The cameras are installed on the front and rear driver’s side of a school bus and are triggered to capture data when a vehicle passes the bus while the stop arm is extended and amb
    Read More
  • When caring about sharing is good business for US automakers
    October 28, 2015
    Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field
    Read More

Highlighted Content