The 30th August 2016 date is the latest date for an IPO listing if a trade sale doesn't materialise BEFORE then, therefore means that a trade sale could take place at any time between now and then.
As for valuation question, I'll need to come back to this as it's still quite challenging to gauge the 'true value potential' here, but having said that I do believe it will not be insignificant.
Tony
TSN Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held