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Toll road giant Macquarie Bank this week announced its intention to acquire the leading operator of red light cameras and speed cameras in the US. Macquarie, known for its skill in harnessing government guarantees to make itself a “millionaire’s factory,” made an offer to purchase Redflex Traffic Systems of Australia at the bargain price of A$2.50 a share.

“Redflex does not intend to make any further announcement in relation to the proposal unless and until a binding proposal capable of being put to shareholders is received,” the photo ticketing firm said in a statement Wednesday.


 

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Out To Get You Coming And Going? Toll Road Giant Makes Bid To Buy Speed Ticketing Company

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