Alesco Corporation Limited is small cap stock that is involved in the marketing and distribution of industrial products to the building and renovations, construction and mining, scientific and testing and automotive industries.
The Company distributes products such as cabinets and panelling, earthmoving and truck tires, garage door openers and laboratory testing equipment.
Alesco Corporation has received a $188.4 million takeover offer from Dulux Group.
Dulux Group currently holds almost 20% of Alesco shares and has offered $2.00 a share for each remaining share.
The offer represents a 42.9% premium from Alesco’s last closing price and will only proceed if the Dulux gain 90% of share on issue.