Why now, at the current elevated valuation? Surely they can't be...

Why now, at the current elevated valuation?


Surely they can't be that naive by thinking that the bid for AkzoNobel will translate into something similar happening to DLX.

I certainly hope it doesn't because, if DLX was to be acquired I would lose out on the long-term growth in the business's intrinsic value.  (And I would have to pay the Tax Office a significant sum of money as tax for the capital gain I would have been forced to realise.)

Also, the last time there was talk in the market about DLX being taken over, its board - ostensibly as a defensive measure - went out and made an acquisition of a company that was considered to be vastly inferior in quality to the core Dulux businesses.