They technically don't need to put out any PR. They don't run SOUPQ.
SOUPQ could put out a PR that says WC/Gallant has offered to merge Gallant Brands in an RTO and set the terms, but WC doesn't owe shareholders anything. They ARE a shareholder of SOUPQ, but that's irrelevant when we're talking about Gallant.
The one thing that doesn't make sense to me is when is WC able to sell their shares of SOUPQ? Is there a hold period or something? If that date has passed and they still have dumped their shares then it would point to the merger as a potential route.