WestSide Corporation Limited advises that due diligence investigations are continuing in connection with a potential change of control transaction involving WestSide.

On 13 February 2012, WestSide announced that a potential acquirer, later identified as Liquefied Natural Gas Limited (ASX Code: LNG), had been granted due diligence access on a non-exclusive basis to progress its indicative acquisition proposal.

WestSide has had discussions with LNG and its associated parties, and other parties which were invited by WestSide’s advisors (Moelis & Company) to consider potential change of control transactions involving WestSide. Some of these parties were also invited to undertake due diligence investigations, which have included access to an electronic data-room, technical reviews and discussions with the WestSide management team.

Tags: WestSide Corporation Ltd