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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.

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Tags Mergers and acquisitionsMacquarie Groupredflex

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