So here we are - at the end of the three week exclusivity period. The announcement of 20 November did not state that the end of this period would result in a definative decision one way or the other, but given WCL are now free to solicit a takeover from third parties, I would expect an announcement from the company at least indicating: a) Whether the due diligence on the "final" due diligence material has been completed (hopefully the timeline will be enforced this time); b) Whether negotiations are nearing completion (or have failed); and c) Confirmation that WCL is approaching third parties (or not).
Given the 20 November annoucement's reference to the three week period of exclusivity, I believe it is appropriate for the company to update the market at this time...
WCL Price at posting:
43.0¢ Sentiment: ST Buy Disclosure: Held