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.
