Ancora Issues Letter to H.B. Fuller’s Board of Directors About the Need to Run a Comprehensive Strategic Review of Alternatives
Business Wire•27/10/2026•08:30 ET
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Key Highlights
- ➤Ancora offers $1.2 billion-$1.4 billion cash for H.B. Fuller’s BAS segment
- ➤Ancora urges comprehensive strategic review, including potential sale of H.B. Fuller
- ➤H.B. Fuller shares declined more than 27% over five years
- ➤H.B. Fuller shares declined 38% since Celeste Mastin became CEO
- ➤Ancora reserves rights regarding deadlines and a potential bid for all H.B. Fuller
Expert Statements
Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora Holdings Group LLC
“We are writing on behalf of Ancora to express our disappointment with your decision to reject our enhanced proposal to acquire H.B. Fuller’s Building Adhesive Solutions (“BAS”) segment for between $1.2 billion and $1.4 billion in cash.”
Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora Holdings Group LLC
“At this point, we call on the Board to initiate a comprehensive review of strategic alternatives, including a sale of the entire Company.”
Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora Holdings Group LLC
“We are reserving all our rights as they relate to upcoming deadlines and making a bid for the entirety of H.B. Fuller.”
Ancora Issues Letter to H.B. Fuller’s Board of Directors About the Need to Run a Comprehensive Strategic Review of Alternatives
Company’s Rejection of Ancora’s All-Cash Offer for Building Adhesive Solutions Segment Follows Evasiveness and Limited Engagement
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