H.B. Fuller board rejects second proposal for building adhesive solutions segment
FUL•H.B. Fuller’s board unanimously rejected Ancora’s second unsolicited, non-binding proposal to buy its Building Adhesive Solutions segment for $1.2 billion to $1.40 billion in cash. The board said the modest increase did not adequately capture the business’s value.
1. Board rejects offer
H.B. Fuller said its board unanimously rejected Ancora’s second unsolicited, non-binding proposal to buy the Building Adhesive Solutions segment for $1.2 billion to $1.40 billion in cash. The board said the modest increase did not adequately capture the business’s value and that it continued to evaluate opportunities to maximize value for shareholders.
