Ancora raises cash offer for H.B. Fuller’s Building Adhesive Solutions to $1.4 billion
Ancora Holdings said it is offering $1.2 billion to $1.4 billion in cash for H.B. Fuller’s Building Adhesive Solutions business and cited a Fortress Investment Group letter on debt financing ability.
B. Fuller's Building Adhesive Solutions business. B. B.
B. Fuller's rejection strengthened its case for board changes and claimed there was interest from other parties in both the segment and the entire company At the time of the previous offer, Ancora had been considering a proxy fight to gain control of the chemical company's board Activist investors have been pushing companies to sell their entire business or parts of it as dealmaking surges, heaping pressure on boards and management teams. com;)