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Bidders preparing to jump the lights at Redflex

If the rumour mill is on the money, there’s nothing but green lights ahead of Redflex.

Jamie Freed | Sarah Thompson

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If the rumour mill is on the money, there’s nothing but green lights for Redflex.

The traffic camera-system provider is casting around for a defence adviser (long-term counsellor Gresham is having to reapply) after Macquarie Special Situations’ purchased a 10.2 per cent stake at $2.50 a share.

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Jamie Freed writes on business specialising in aviation, tourism, travel. Based in our Sydney newsroom, Jamie has 10 years experience as a journalist. Connect with Jamie on Twitter.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

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Original URL: https://www.afr.com/companies/financial-services/bidders-preparing-to-jump-the-lights-at-redflex-20100618-iuadm