UPDATE 1-UK's Advanced Medical Solutions gets fresh buyout bid from US-based H.B. Fuller

H.B. Fuller Company
AMANASU ENVIRONMENT CORPORATION

H.B. Fuller Company

FUL

0.00

AMANASU ENVIRONMENT CORPORATION

AMSU

0.00

Adds details and background throughout

May 21 (Reuters) - British medical supplier Advanced Medical Solutions AMSU.L on Thursday said it had received an unsolicited takeover proposal from U.S.-based adhesives maker H.B. Fuller FUL.N, days after its last buyout talks with a private equity firm failed.

Shares of the British company jumped as much as 13.5% to 240 pence after the news.

  • The approach, which is the second bid in just over a month for the London-listed firm, comes days after private equity firm TA Associates walked away from the deal talks without disclosing a reason or a bid value.

  • At its intraday peak, based on the highest share price reached, Advanced Medical Solutions' market capitalisation stood at £528.6 million ($710.02 million).

  • H.B. Fuller did not immediately respond to Reuters' request for comment.

($1 = 0.7445 pounds)


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.