ALS DLX

News: DuluxGroup unveils Alesco takeover bid

  1. FNN News
    lightbulb Created with Sketch. 1
    clock Created with Sketch.
    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
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS LISTEN NOW: HotCopperWire, our market watch podcast!
right-arrow Created with Sketch.
NEWS Veteran executive to help turn Trigg into leading US-based antimony producer
right-arrow Created with Sketch.
NEWS Access the Latest ASX news daily on HotCopper
right-arrow Created with Sketch.
NEWS Infini remobilising at Portland Creek after geo specialists line up 12 'priority' targets
right-arrow Created with Sketch.
NEWS Mandalay Shareholders Overwhelmingly Approve Transaction with Alkane Resources
right-arrow Created with Sketch.
NEWS 'Strong succession': WiseTech brings in old face to build new, post-White future
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.