The Panel has received an application from Sedgman Limited in relation to its affairs. Sedgman is currently the subject of an unconditional off-market takeover bid from CIMIC Group Investments Pty Limited (CGI), a wholly owned subsidiary of CIMIC Group Limited (CIMIC).
Details of the application, as submitted by the applicant, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.