Alesco Corporation Takeover Offer from Dulux Group

Alesco Corporation Takeover Offer from Dulux Group

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.

To Access FREE Daily Trading Recommendations, Click Here!


   Written by: admin   Other posts from: admin

Dulux Ltd (DLX) is a manufacturer and marketer of paint products, covering powder and protective coatings, woodcare products, and automotive refinish coatings.

DLX began trading for the first time on the Australian stock market (ASX) on 12 July, with its price opening at $2.50.  DLX’s new entry makes it one of the market’s stocks to watch.

DLX was recently demerged from Orica (ORI), with ORI shareholders receiving one DLX share for every ORI share owned.

ORI shares closed at $24.24 and DLX shares closed at $2.54.  The combined total of $26.78 was 4.3% higher than ORI’s closing price of $25.68 on Friday.


   Written by: admin   Other posts from: admin
7 day free trial
 



asx-share-price

To start your Free 7 day trial please complete your details below

* required fields

IMPORTANT: an activation code will be sent via SMS, please enter your preferred mobile number



Disclaimer: The content of this blog does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs. Before acquiring or using any of Australian Stock Report's products, you should obtain and consider our Financial Services Guide. Australian Stock Report Ltd (ACN 106 863 978) is licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001. AFS Licence 301682. Any content within this email remains the property of Australian Stock Report and should not be reproduced without the consent of Australian Stock Report
RSS Feed