DLX

Japanese giant Nippon Paint lobs $3.8b takeover bid for DuluxGroup

Paint and homeware company DuluxGroup (ASX: DLX) has entered into a scheme implementation deed with Japanese paint firm Nippon Paint which places a $3.8 billion valuation on Dulux. Under the deal, Nippon Paint will acquire 100% of DuluxGroup shares at $9.80 each through a scheme of arrangement inclusive of a 15% interim dividend to shareholders. […]