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At the time of the stop, the two stocks were trading around closing levels on Monday.
On Monday, Nyhetsbyrån Direkt reported, referring to local media, that Essity had resumed discussions on the acquisition of the Australian hygiene company.
The stop is justified by the exchange operator Nasdaq with “information not yet published” of the company.
About an hour before the halt, the Australian newspaper Financial Review reported that an agreement between Essity and Asaleo Care was completed on Tuesday evening Australian local time, that is, Tuesday morning Swedish time.
Essity already owns 36 percent of Asaleo Care.
Shortly after 1pm Swedish time, Essity confirmed that negotiations on the Asaleo purchase are well advanced.
During February 16, 2021, information emerged in the media that the parties had reached an agreement in principle on the acquisition of shares at a price of AU $ 1.40 and a determined dividend. Essity can confirm that the discussions are well advanced and that the parties agree to the terms, including the mentioned price, “Essity writes in a press release.
