HB Fuller Proposes Buyout of Advanced Medical Solutions
British medical supplier Advanced Medical Solutions received a takeover bid from H.B. Fuller. The proposal follows recently failed talks with TA Associates.
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Advanced Medical Solutions received an unsolicited takeover bid from H.B. Fuller Co., sending its shares up 13.5% to 240 pence. The proposal follows failed negotiations with private equity firm TA Associates earlier this month. The London-listed supplier's market capitalization reached £528.6 million based on the share price movement.
The approach from H.B. Fuller marks the second buyout attempt for Advanced Medical Solutions in just over a month. TA Associates recently ended discussions without disclosing a specific valuation or reason for the withdrawal.
