After two rejections, Ancora now signals it may pursue a takeover bid to buy all of H.B. Fuller
Activist investment firm Ancora Holdings Group LLC on Tuesday publicly criticized H.B. Fuller’s Board of Directors for rejecting its cash offer to buy the global pureplay adhesives leader’s Building Adhesive Solutions (BAS) business, and called on the board to consider various other options, including a potential sale of the entire company. “We understand that directors can fall into a malaise when they are insulated by defensive governance and a classified boardroom structure,” wrote...
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