After thorough analysis and shortlisting, TSN has begun due diligence on two companies that meet the criteria. The timeframe to completion of a binding offer post due diligence has been agreed so we expect to provide an update on these opportunities in the coming weeks. Should due diligence be successful, the completion of the two transactions are independent of each other; i.e. one or both or neither transactions may materialise.
This is from TSN announcement from from the 6th July well its been a month..
So announcement should be this week or next you would think. Obviously if there is no announcement very soon, then as they stated above they will only update if Due Diligence is successful.
So we wait with baited breath once more!
Zetland1
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