DuluxGroup reaches 90% acquisition threshold

Company News

DuluxGroup Limited (ASX:DLX) has reached the 90 per cent interest threshold in its takeover target Alesco Corporation Limited (ASX:ALS) and will commence the compulsory acquisition process as a result. 
 
Alesco shareholders who have not yet accepted the paintmakers offer will be issued with compulsory notices after it closes officially tomorrow evening. 
 
Dulux has encouraged shareholders to accept its $1.63 per share offer before the deadline to receive immediate payments.
 
The company initially made a hostile takeover bid for Alesco in May, before Alesco accepted the bid in early October.  
 
DuluxGroup posted a net profit of $43 million for the first half of 2012.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.