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

  • Australian road pricing, road funding needs more debate
    January 31, 2012
    Everyone in the road transport industry in Australia is talking road pricing - everyone, that is, except the politicians. Christine Keyes reports. At the end of 2008, Australia's road transport industry was wringing its collective hands, unable to raise more than $100 million from an individual bank for any Public Private Partnership (PPP). The A$750 million Peninsula Link project, announced by the Victoria Government in March 2009, was the first road project in the country to be put out to market as an ava
    Read More
  • Do satellites provide a heavenly view of tolling’s future?
    December 16, 2014
    Satellite-based tolling opens up new options for authorities and can be integrated with DSRC systems as David Crawford discovers. As the proud custodian of the European Union (EU)’s longest road network covered by a single (truck) charging scheme – and the only one to include all major roads - Slovakia has become the continent’s poster-nation for the virtues of GNSS/CN (Global Navigation Satellite System/Cellular Network)-based tolling. It is also proved to be a very fast implementer. Speaking at the 2014 I
    Read More
  • NMI certification for Redflex Halo 2
    February 5, 2021
    Enforcement system can take driver images and produce incident packages, firm says
    Read More
  • Dott and Tier announce merger - but will keep own brands
    January 11, 2024
    Companies operate primarily in Europe and have combined revenues of €250m
    Read More

Highlighted Content