Catelan considers fighting CMI sell-down order

Leanne Catelan and her company Tinkerbell Enterprises, who were ordered by the Takeovers Panel to sell their stake in CMI Limited, have sought to the prevent the sell-down while deciding whether or not to seek judicial review of the panel’s decision.

Brad Hatch

Updated Mar 22, 2011 – 5.01am, first published at Mar 21, 2011 – 6.48pm

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Leanne Catelan and her company Tinkerbell Enterprises, who were ordered by the Takeovers Panel to sell their stake in CMI Limited , have sought to the prevent the sell-down while deciding whether or not to seek judicial review of the panel’s decision.

The panel has agreed to stay a number of its orders including the order that the shares be sold.