Ancora raises H.B. Fuller building adhesives unit offer to as much as $1.4B
Cleveland-based Ancora Holdings Group isn’t giving up on its bid to buy H.B. Fuller’s Building Adhesive Solutions (BAS) business, and Tuesday increased its proposed price to between $1.2 billion and $1.4 billion in cash. Ancora, an H.B. Fuller shareholder, originally offered between $1.1 billion and $1.2 billion for the business in an Aug. 12 letter. H.B. Fuller rejected that proposal Aug. 24, saying it “materially undervalue[d]” the BAS segment. In a Sept. 29 letter to H.B. Fuller...
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