Ansell, which earlier this year cut some 1300 jobs around the world because of weak sales, is seeking to raise about $400 million to fund an acquisition.
Street Talk can reveal sole lead manager Goldman Sachs started wall-crossing fund managers over the weekend ahead of the mooted cash call. Of note, Ansell chief executive Neil Salmon told The Australian Financial Review in February that sweeping job cuts would leave the $3 billion medical gloves and protective surgical gowns maker well-placed to make acquisitions.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
