ALS 0.00% $1.63 alesco corporation limited

Als board have seen the writing on the wall. 50% coming up and...

  1. 102 Posts.
    Als board have seen the writing on the wall. 50% coming up and new board will be installed. Last throw of the dice to try and squeeze some more out of Dulux. Dulux would have sold out and walked away if couldn't reach 50% but will cross that barrier and keep the stock and control. That ultimate goal of 91% will be nigh impossible without current board recommendation to SELL. Will the dulux board play hard ball and refuse to up the franked dividend portion of the $2.05 as they did by declaring "best and Final price" too early in the game. As now we have legal question: what does "best" mean? and if it means what everyone thought it meant,dulux and a lot of shareholders have a long waiting game to playout.
    I believe Dulux would grab the oppurtunity for quick conclusion if they could legally do it.
 
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