Ancora Condemns H.B. Fuller’s Decision to Ignore Shareholder Opposition and Proceed with the Reckless Acquisition of Advanced Medical Solutions

Activist firm Ancora Holdings Group publicly condemned H.B. Fuller's decision to proceed with the acquisition of Advanced Medical Solutions, arguing the deal ignores shareholder opposition and contradicts recent commitments to prioritize share repurchases and deleveraging. Ancora criticized the company for releasing the news at 2:10 AM, labeling the timing deceitful and characterizing the leveraged cross-border transaction as an entrenchment maneuver akin to a poison pill. The firm specifically called out directors Ruth S.

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