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Ancora is back with a higher offer to buy H.B. Fuller’s Building Adhesive Solutions for up to $1.4 billion.

DealRead the original at Benzinga
Neutral

H.B. Fuller received a higher, nonbinding cash offer for its BAS unit.

FUL · H.B. Fuller Co.

AI read · Neutral

The AI's read

Cash from a sale could help H.B. Fuller cut debt, which management says is a major priority. But BAS brings about 20% of sales and shares many plants with other businesses, which could leave extra costs after a sale. No deal has been signed, so these competing possibilities leave the company's outlook unchanged.

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