Alesco Corporation Limited 01 & 02 - Panel Declines to Make Declaration

The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 24 July 2012 from Alesco Corporation Limited (see TP12/45) and an application dated 1 August 2012 from DuluxGroup (Nominees) Pty Ltd and DuluxGroup Limited (see TP12/50).

Alesco is currently the subject of an off-market bid by DuluxGroup.

The application by Alesco concerned whether an announcement on 23 July 2012 by Dulux was misleading and deceptive because: