H.B. Fuller Company（FUL）資訊與事件FULH.B. Fuller Company

Ancora Reaffirms Proposal to Acquire H.B. Fuller’s Building Adhesive Solutions

Ancora, which identifies itself as "a meaningful shareholder" of H.B. Fuller, has reaffirmed its proposal to acquire the company's Building Adhesive Solutions segment following H.B. Fuller's Board of Directors' "baseless rejection" of the offer and issued the following statement: "First and foremost, Ancora reaffirms the offer that it recently submitted, as it is a win for H.B. Fuller, the Company's shareholders and us. All shareholders of H.B. Fuller should be deeply disappointed with the Board's decision to irrationally reject a highly-credible proposal to acquire the Company's BAS segment without any outreach to us. We only learned of the Board's illogical rejection from Bloomberg News when a request for comment came through on an evidently 'placed' story. Board Chair Teresa Rasmussen's subsequently received rejection letter - which appears to be clearly ghostwritten by legal and financial advisors tasked with defending the status quo - is just further evidence of entrenchment considering that she and her fellow directors consciously decided to forgo any engagement with us... In closing, we fear the Board is receiving flawed perspectives from CEO Celeste Mastin and 'yes-men' advisors. Although we are somewhat surprised to see H.B. Fuller act in such a hasty manner, it is all the more shocking to see Ms. Mastin and Ms. Rasmussen coax the full Board - including a director from storied investment firm Continental Grain - into illogical decisions that undermine shareholders' interests. If the Board wants to avoid a prolonged public campaign for change, it needs to either install capable leadership or initiate a credible review of strategic alternatives - there is no third path."

H.B. Fuller Rejects Ancora's Acquisition Proposal

H.B. Fuller Company announced that, following a thorough review supported by independent financial and legal advisors, its Board of Directors has unanimously rejected Ancora's unsolicited, non-binding proposal to acquire its Building Adhesives Solutions business. "H.B. Fuller's Board of Directors has carefully evaluated Ancora's proposal to purchase the BAS business segment with the support of our independent financial and legal advisors. After careful consideration, the Board has determined that the proposal materially undervalues the BAS business, ignores its prospects for future growth and value creation, fails to appreciate the importance of this segment to our leading pure play adhesives platform, and lacks key details needed to demonstrate Ancora's ability to execute any such transaction... H.B. Fuller's Board is always open to opportunities to enhance shareholder value. We regularly review the Company's portfolio with an emphasis on maximizing shareholder value, and we will continue to evaluate the entire company as well as individual business units through this lens," wrote Teresa Rasmussen, Chair of Board.

H.B. Fuller Acquisition of AMS Approved by Shareholders

H.B. Fuller Company announced that shareholders of Advanced Medical Solutions Group approved H.B. Fuller's proposed acquisition of AMS at specially convened meetings of AMS shareholders held on August 12. The transaction is expected to close by the end of the calendar year, subject to satisfaction or waiver of the remaining conditions set forth in the transaction documents