Ansell Limited (AU:ANN) has released an update.
Ansell Limited has announced the strategic acquisition of Kimberly-Clark’s Personal Protective Equipment business for $640 million, aimed at enhancing its global market presence, particularly in the Scientific sector. The deal, which includes well-known brands like Kimtech and KleenGuard, is set to deliver cost synergies and tax benefits, increasing Ansell’s earnings per share. The acquisition will be financed through a combination of equity raising and new debt, with completion expected in the first quarter of FY25.
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