Rio Tinto on Wednesday reported its best annual earnings since 2011 and declared a record dividend payout, the second major iron ore producer to return windfalls to investors after unprecedented prices and demand for the steel ingredient.
Rio Tinto on Wednesday reported its best annual earnings since 2011 and declared a record dividend payout, the second major iron ore producer to return windfalls to investors after unprecedented. | February 21, 2021
Australia s Asaleo Care to be bought by Swedish tissue maker Essity msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
(Adds offer premium, chairman statement)
Feb 17 (Reuters) - Asaleo Care Ltd on Wednesday agreed to be bought by its largest shareholder Essity in a deal that valued the hygiene and personal products maker at about A$788 million ($611.33 million).
Asaleo Care shareholders would receive A$1.45 per share under the offer, the company said, representing a premium of 6.2% to its last closing price. Tissue maker Essity holds a 36.2% stake in Asaleo through a subsidiary.
Essity’s offer price included a dividend of A$0.03 per share and a special payout of A$0.02 per share that Asaleo declared along with full-year results on Wednesday.