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Q Ltd Announces Termination Of Non-Binding Term Sheet To Purchase White Data Pty Ltd
Q Ltd announced that it had entered into non-binding Term Sheet with White Data Pty Ltd in relation to a proposed acquisition by Q Ltd of White Pty Ltd (Announcement). White Data Pty Ltd advised Q Ltd that it does not intend to proceed with the proposed transaction with Q Ltd, with the only basis given being that White Data Pty Ltd was not satisfied with the outcome of its due diligence investigations. Consequently, Q Ltd confirms its proposed acquisition of White Data Pty Ltd will not proceed, due to termination of the Term Sheet described in the Announcement.
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