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

  • ITS America annual meeting focuses on smart transportation
    January 25, 2012
    ITS America's next Annual Meeting, in Fort Washington in May 2012, is being planned at a turning point for US transportation and the nation's economy. We asked event organising committee chair Connie Sorrell a few pertinent questions on why attending Fort Washington will be essential for all transportation professionals
    Read More
  • UK government boosts road funding
    September 30, 2013
    Communities across the UK are set to benefit from government funding which will tackle traffic bottlenecks (pinch points) and congestion on local roads. Transport Secretary Patrick McLoughlin has announced US$129 million of further funding to remove these bottlenecks, US$40 million of which has already been awarded to fifteen improvement schemes. McLoughlin also announced he was inviting local councils to submit bids by the end of October for a share of the remaining US$89 million being made available.
    Read More
  • Tier Mobility takes over Spin
    March 3, 2022
    German firm's latest acquisition means it rides into North America with Ford-owned group
    Read More
  • EV sales stalling in the UK
    April 17, 2012
    The number of electric cars sold in the UK has fallen by over 50 per cent to just 215 in the first three months of the year despite Government incentives, according to figures from the RAC Foundation.Since 1 January, individuals and businesses have been able to claim a discount of up to £5,000 (US$8,193) on cars producing 75 g CO2/km or less under the Government’s Plug-In Car Grant scheme. A total of 680 cars have been purchased under the programme, taking the number of electric cars registered in the UK to
    Read More

Highlighted Content