No firm date but based on their last disclosure the bidding firm had until mid June to exclusive access to books to make a firm offer.
Based on the fact election went for Liberals and property is very slowly picking up i would expect a significantly higher bid or expect the board to stand up for the best interest of all holders and reject the takeover.
Only time will tell how things go.
News: VLW Villa World Currently Expects FY19 Gross Margin To Be In Target Range Of 23% To 25%, page-9
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