It’s all go after Redflex flicks bidder a red light
Just over a month after Redflex rejected a $2.50 a share takeover offer from Macquarie Group subsidiary Macquarie Special Situations, discussions with a range of potential bidders are said to be progressing well.
Just over a month after Redflex rejected a takeover offer of $2.50 a share from Macquarie Group subsidiary Macquarie Special Situations, discussions with a range of potential bidders are said to be progressing well.
Redflex and its advisers at Greenhill-Caliburn have opened a data room for prospective bidders. Along with Macquarie – which has a stake of about 12 per cent – there are a number of private equity and trade buyers in the mix.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out more