We won't know the whole story why the MOU wasn't announced unless SW clarifies.
Sometimes certain negotiations requires confidentiality, remember Crown's discussion with Wynn Resorts.
I remember Crown announced the discussion as required by ASX rules, and the next day Wynn pull the bid because the negotiation was supposed to be confidential. www. ft.com/content/2d1d56e4-5a62-11e9-9dde-7aedca0a081a
Ann: Retraction of Unauthorised Investor Relations Material, page-156
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