U.S. adhesives manufacturer H.B. Fuller agreed to buy British medical supplier Advanced Medical Solutions in a cash deal valuing the company at around £715 million including debt. H.B. Fuller will pay 285 pence per share, a 35% premium to AMS's closing price on May 20, the day before the offer period began. AMS shares rose 15.9% to 278.16 pence on Thursday, their highest level since February 2023. The deal, expected to close by the end of 2026, is projected to generate around $55 million in annual run-rate synergies by 2031. AMS's board unanimously recommended the offer to shareholders.
Advanced Medical Solutions Group plcAdvanced Medical Solutions is being acquired at a 35% premium, with board recommendation.
H B Fuller CompanyH.B. Fuller is acquiring Advanced Medical Solutions in a cash deal, expected to generate synergies.