Business
What’s moving the Asaleo Care (ASX:AHY) share price today?
Asaleo Care Ltd (ASX: AHY) shares jumped 0.4% higher on open, before falling 1.1% only to rebound and retrace again. At time of writing, the Asaleo share price is down 0.3%.
The moves in the Asaleo share price come after the personal hygiene company announced a new acquisition agreement along with updated advice to shareholders on Essity‘s takeover offer. That offer was delivered earlier this month.
What was announced?
In this morning’s ASX announcement, Asaleo reported it has entered into an agreement to acquire TOM Organic for $12.75 million in cash. TOM Organic produces a range of organic feminine hygiene projects.
Asaleo expects the business to align well with its own Libra brand of feminine care products. The company…
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