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(Updates with details on the deal and context throughout)
April 8 (Reuters) - Australian glove maker Ansell Ltd said on Monday it will buy the personal protective equipment unit of U.S.-based Kimberly-Clark for $640 million, and expects to complete the acquisition in the first quarter of financial year 2025.
Acquisition will be funded by a A$400 million fully underwritten institutional placement and a new $377 million bridge facility, Ansell said in a statement.
The personal protective equipm...
>>> Read more: UPDATE 1-Ansell to buy Kimberley-Clark's personal protective equipment unit for $640 mln
April 8 (Reuters) - Australian glove maker Ansell Ltd said on Monday it will buy the personal protective equipment unit of U.S.-based Kimberly-Clark for $640 million, and expects to complete the acquisition in the first quarter of financial year 2025.
Acquisition will be funded by a A$400 million fully underwritten institutional placement and a new $377 million bridge facility, Ansell said in a statement.
The personal protective equipm...
>>> Read more: UPDATE 1-Ansell to buy Kimberley-Clark's personal protective equipment unit for $640 mln