Dec 10 (Reuters) - Asaleo Care Ltd (AHY) : ASALEO CARE LTD-...

Dec 10 (Reuters) - Asaleo Care Ltd (AHY) :

• ASALEO CARE LTD- RECEIPT OF UNSOLICITED PROPOSAL FROM ESSITY
• ASALEO CARE LTD - PROPOSAL IS TO ACQUIRE ALL OF ORDINARY SHARES IN ASALEO AT A PRICE OF A$1.26 PER SHARE IN CASH
• ASALEO CARE - RECEIVED AN UNSOLICITED, INDICATIVE, CONDITIONAL AND NON-BINDING PROPOSAL FROM ESSITY AKTIEBOLAG
• ASALEO CARE LTD - AN ESSITY SUBSIDIARY CURRENTLY OWNS 36.2% OF ISSUED SHARE CAPITAL OF ASALEO
• ASALEO CARE LTD- ESSITY HAS RESERVED ITS RIGHT TO TERMINATE DISCUSSIONS AND TO WITHDRAW PROPOSAL
• ASALEO CARE LTD - SHAREHOLDERS ARE ADVISED TO TAKE NO ACTION IN RELATION TO ESSITY'S PROPOSAL
• ASALEO CARE LTD- "PROPOSAL OF A$1.26 PER SHARE REFLECTS A LOW TAKEOVER PREMIUM TO RECENT MARKET PRICES AND IS HIGHLY OPPORTUNISTIC IN TIMING"
• ASALEO CARE LTD - BOARD COMMITTEE BELIEVES CO WILL BE IN A POSITION TO PAY A FINAL DIVIDEND IN RESPECT OF 2020 YEAR