To me this seems to be the most likely scenario. They probably have some investment proposals from more than one entities, which they might be discussing and deciding over in the meeting on Tuesday. They might not be selling the controlling stake just yet but a small stake as you said.
Yes, mgmt has been denying the stake sale rumors but poeple mostly remain tight lipped till the deal is struck. If they are getting a good valuation, i think mgmt will be prudent.