Redflex receives takeover bid from Macquarie unit

Redflex receives takeover bid from Macquarie unit

Red-light camera photo enforcement technology developer Redflex Holdings (ASX:RDF) has received a non-binding $2.50 per share takeover offer from a Macquarie Group subsidiary.

Board members have yet to decide whether to endorse the offer, Redflex said, and is recommending shareholders take no action.

But the company added it will make no further announcement about the offer unless a binding proposal capable of being put to shareholders is received.

RDF shares have today grown 2.61% to $2.36.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsMacquarie Groupredflex

Show Comments