ALS DLX

News: DuluxGroup unveils Alesco takeover bid

  1. FNN News
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    01/05/12
    10:47
    Post #: 10113879
    .


    DuluxGroup (ASX:DLX) has unveiled the takeover offer it intends to make for Alesco Corporation Limited (ASX:ALS).



    The Melboune based company will offer Alesco shareholders $2.00 per share, representing a 43 per cent premium on the stocks last close.



    Late yesterday, the paint manufacturer acquired a 19.96 per cent stake in the company.



    Dulux reported a net profit of $93.2 million for the 2011 financial year.


    DLX Price at posting: $3.10 Sentiment: None Disclosure: Held
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