Court Forces Catalin Chelu To Pay Damages For Refusal To File For Takeover

11.25.2011 By Andrei Circhelan

Marking a first on the Bucharest stock exchange, businessman Catalin Chelu was forced by court order to pay damages for not launching an offer to takeover a firm, thus breaching market bylaws.

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Keywords:
CHELU
, DAMAGES
, TAKEOVER