Street Talk

Redflex scandal puts dampener on takeover bid

Sarah Thompson and Anthony Macdonald

Updated Oct 23, 2012 – 8.19am, first published at Oct 22, 2012 – 8.19pm

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The last thing most Redflex investors wanted was a scandal to officially destroy any hope of a new private equity takeover offer.

A small group of the traffic camera company’s shareholders blocked a $300 million takeover proposal from Macquarie Group/The Carlyle Group last year.

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