Feb 17 (Reuters) - Asaleo Care Ltd AHY.AX :
* ASX ALERT-ESSITY PROPOSAL - SCHEME IMPLEMENTATION AGREEMENT-AHY.AX
* ACQUISITION BY WAY OF SCHEME OF ARRANGEMENT
* TOTAL VALUE TO ASALEO CARE SHAREHOLDERS OF $1.45 PER SHARE
* UNANIMOUS INDEPENDENT BOARD COMMITTEE RECOMMENDATION
* INTENDS TO PAY, IN ITS ABSOLUTE DISCRETION, A SPECIAL DIVIDEND OF $0.02 PER SHARE
* TOTAL VALUE TO SHAREHOLDERS OF $1.451 PER SHARE (BEFORE BENEFIT OF FRANKING CREDITS), VALUES ASALEO'S EQUITY AT ABOUT $788M
* POTENTIAL VALUE IN FRANKING CREDITS OF UP TO $0.02 PER SHARE FOR SHAREHOLDERS ABLE TO REALISE FULL BENEFIT
* DECLARED AN ORDINARY DIVIDEND OF $0.03 PER SHARE
* INTENDS TO PAY SPECIAL DIVIDEND OF $0.02 PER SHARE PRIOR TO SCHEME RECORD DATE