Ansell withdraws stock plan

RED BANK, N.J. (Dec. 29)—Ansell Healthcare Inc. formally has withdrawn its proposed plan to list shares on the New York Stock Exchange. Ansell, a subsidiary of Australia´s Pacific Dunlop Ltd., said in a filing with the Securities and Exchange Commission that the company no longer intends to pursue a share offering in the U.S. "due to market conditions." Ansell originally had filed for registration of shares Dec. 22, 1999. In April 2000, the firm said it was tabling plans to offer shares. Ansell had planned to offer stock equal to about 20 percent of its value. The firm was worth about $175 million at the time.