Wattyl (WYL)

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Wattyl (WYL) is a manufacturer and supplier of paints and other surface coatings. The Company offers a wide variety of paints, lacquers, varnishes and special purpose and protective coatings. The Company supplies products to domestic, commercial and industrial markets. Wattyl floated on the Australian Stock Exchange on 30th June 1962. The Company operates in Australia and New Zealand, with more than 1000 people employed. Wattyl products focus on all segments of the paint and coatings market.

Wattyl is Likely to Accept Valspar Bid

Wattyl (WYL), the Australia based paint and other surface coating supplier and manufacturer which supplies its products to the domestic, commercial and industrial market is going to be taken over by US based Valspar as the Wattyl board has suggested the investors to accept its bid which worth as much as $142 million. However, the Australian paint supplier has managed to improve the bid by as much as $32 million through a month long negotiation.

Loser: Wattyl (WYL)

The loser of the week was Wattyl (WYL). The stock fell 17 per cent after the ACCC blocked the bid from Barloworld. Wattyl Limited is listed on the Australian Stock Exchange (ASX) under stock code WYL. You can view their investor website here. Wattyl is in the Materials sector. The company's principal activity is in the manufacture and marketing of paints, resins and related products. Check your charts!

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