Ann: Pause In Trading, page-9

I am uncertain on this statement:
"Should the PVH Proposal receive all necessary approvals and proceed to implementation, Gazal willdivest its Banksmeadow property pursuant to a sale and lease-back arrangement with a largeAustralian industrial real estate fund." 
Does this suggest Gazal remains as a business within PVH (B) and the possible sale of the building is already factored into the $6.00 per share offer? 
Thoughts / facts ???