The Takeovers Panel has received an application from the Australian Securities and Investments Commission (ASIC) to block Len Ainsworth’s wife from voting her 9% stake at the June 3 shareholders' meeting to approve the sale of Len's 53% stake in Ainsworth Game Technology to Austria-based Novomatic for $2.75 per share. If Gretel Ainsworth is precluded from voting, it would require a majority of the remaining 38% of shareholders to back the deal to see it succeed. While there are potential benefits to the sale, we consider it unfair to minority shareholders for reasons discussed in Ainsworth: Interim result 2016. The Takeovers Panel hasn't decided to review the application yet, let alone made a decision on Mrs Ainsworth’s stake, but we will keep you updated. HOLD.