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5/9/2011
Redflex Shareholders Reject Buyout OfferOusted Redflex chairman sinks traffic camera company takeover bid from Macquarie Bank.
Australian investors in the photo enforcement firm Redflex Traffic Systems voted down a buyout offer from toll road giant Macquarie Bank and the asset management firm Carlyle Group at a general meeting in Melbourne today. The recently sweetened deal would have paid A$2.75 per share, or $305 million total, to take over the speed camera and red light camera business.
"Your directors unanimously recommend that shareholders vote in favor of the improved scheme prop ...
5/8/2011
France, Italy: Speed Cameras Painted, BurnedVigilantes burn a speed camera in Italy and spraypaint another in France.
5/6/2011
Ohio Supreme Court Defends Traffic Camera ProgramOhio Supreme Court rejects challenge to constitutionality of red light camera hearings.
5/5/2011
House Transportation Committee Blasts Transportation StimulusUS House Transportation Committee chairman expresses frustration with failure of $812 billion stimulus bill to create jobs.
5/4/2011
Missouri: County Government Erases Red Light Camera OrdinanceJefferson County, Missouri completes red light camera removal process by eliminating ordinance.
