H.B. Fuller rejects Ancora's $1.4B bid for building adhesives unit

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Go back to H.B. Fuller rejects Ancora's $1.4B bid for building adhesives unit

H.B. Fuller Board Unanimously Rejects Second Unsolicited, Non-Binding Proposal for Building Adhesive Solutions Segment

October 19, 2026 8:00 AM EDT

Announces market check for select market segments

ST. PAUL, Minn.--(BUSINESS WIRE)-- H.B. Fuller Company (H.B. Fuller or the Company) (NYSE: FUL), the worlds 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 Ancoras second unsolicited, non-binding proposal to acquire its Building Adhesive Solutions (BAS) business for between $1.2 billion and $1.4 billion in cash.

The Board determined that the modest offer price increase does not adequately capture the value of the... More