Dulux gets a foot in the door

Dulux’s bid for Alesco is likely to go ahead, but the paint company might have to pay a bit more.

PORTFOLIO POINT: Dulux appears to be on track to pick up Alesco – and has room to increase its offer – but market conditions and an upcoming valuation could prove a challenge.

Alesco (ALS). Dulux (DLX) looks committed to its bid for garage door business Alesco after picking up 20% of the company, and there’s a reasonable chance of an increase in price here.

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