Hands off Polish condoms

Poland makes pretty good condoms. That's why Australia's Ansell Ltd, the world's top maker of latex gloves, was disappointed having to scrap a bid to buy Polish condom maker Unimil SA after failing to get the minimum 80 percent of shares it required.

Ansell tendered an offer for Unimil in July worth up to 109 million zloty ($57.55 million), or 53 zloty per share, as part of a drive to expand its reach into Poland and Germany. The stock for Unimil closed at 52.7 zloty recently.

Basically the Polish stockholders didn't think they were getting a big bang for their buck, er zloty. (no pun intended)

The offer expired on Friday.