H.B. Fuller Board Unanimously Rejects Second Unsolicited, Non-Binding Proposal for Building Adhesive Solutions Segment
Business Wire•19/10/2026•08:00 ET
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Key Highlights
- ➤H.B. Fuller (FUL) rejects Ancora’s $1.2 billion-$1.4 billion BAS acquisition proposal
- ➤Board cites BAS growth momentum and Project Quantum Leap upside
- ➤Company launches market check for select segments and product lines
- ➤Proceeds from potential divestitures intended for deleveraging
- ➤Market check expected to conclude by year end 2026
H.B. Fuller Board Unanimously Rejects Second Unsolicited, Non-Binding Proposal for Building Adhesive Solutions Segment
H.B. Fuller Company (“H.B. Fuller” or “the Company”) (NYSE: FUL), the world’s largest pureplay adhesives company, today announced that following a thorough review supported by independent financial and legal advisors, its Board of Directors has unanimously rejected Ancora’s second unsolicited, non-binding proposal to acquire its Building Adhesive Solutions (“BAS”) business for between $1.2 billion and $1.4 billion in cash.
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