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

  • January 18, 2019
    Redflex ‘does not expect further action’ from US Department of Justice
    Traffic enforcement specialist Redflex Holdings says it expects no further legal action or new financial liabilities arising from investigations by the US Department of Justice (DoJ). The action, which has rumbled on for several years, related to misconduct by former employees of US subsidiary Redflex Traffic Systems. The company signed a two-year non-prosecution agreement (NPA) with the DoJ, which has now ended. Under the expired deal, the DoJ agreed not to charge the firm with any offence provided the
    Read More
  • February 8, 2021
    Cubic to be bought for $2.8bn
    CTS owner is expected to be sold to private equity firms by the end of June this year
    Read More
  • August 7, 2013
    Redflex appoints non-executive director
    Redflex Holdings has appointed a new Australia-based non-executive director, Terence (Terry) Winters, to the Board. Terry Winters has served as chairman and non-executive director of Australian listed and private companies and charities. He is currently Chairman of Seeing Machines, Converge International, Australian Home Care Services (AHCS) and Intelledox. He will complete his term as Chairman of AHCS on 10 September 2013. Redflex says Terry brings a great depth of experience in the governance and operati
    Read More
  • January 18, 2019
    Redflex ‘does not expect further action’ from US Department of Justice
    Traffic enforcement specialist Redflex Holdings says it expects no further legal action or new financial liabilities arising from investigations by the US Department of Justice (DoJ). The action, which has rumbled on for several years, related to misconduct by former employees of US subsidiary Redflex Traffic Systems. The company signed a two-year non-prosecution agreement (NPA) with the DoJ, which has now ended. Under the expired deal, the DoJ agreed not to charge the firm with any offence provided t
    Read More

Highlighted Content