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DuluxGroup Ltd To Commence Compulsory Acquisition Of Alesco Corporation Limited

Monday, 17 Dec 2012 05:07pm EST 

DuluxGroup Ltd announced that its relevant interest in Alesco Corporation Limited (Alesco) on December 17, 2012 is 90.1%. As a result, DuluxGroup intends to commence the compulsory acquisition process. DuluxGroup's offer closes at 7.00pm (Melbourne time) on December 19, 2012 (unless extended). Shareholders should accept DuluxGroup's offer before the offer closes in order to be paid AUD 1.631 per share by DuluxGroup within five business days of acceptance. Shareholders who do not accept DuluxGroup's offer will have their shares compulsorily acquired and will likely not be paid until late January 2013. 

Company Quote

0.07 +1.25%
23 Sep 2014