Why the Asaleo Care (ASX:AHY) share price jumped to a 52-week high today

The Asaleo Care Ltd (ASX: AHY) share price has started the week on a positive note.

In afternoon trade the personal care products company’s shares are up 8% to a 52-week high of $1.41.

Why is the Asaleo Care share price jumping to a 52-week high?

Investors have been fighting to get hold of Asaleo Care shares amid speculation that another takeover approach is coming.

In December the company received an unsolicited, indicative, conditional, and non-binding proposal from Essity Aktiebolag (Essity) to acquire all the shares in the company.

Essity, a global hygiene and health company based in Sweden, offered $1.26 per share in cash, less any dividends or distributions declared or paid by Asaleo after 9 December.

That offer was…