Ancora Targets H.B. Fuller Deal, Says 0 Real Shareholder Value Created
Updated
Updated · Bloomberg · May 27
Ancora Targets H.B. Fuller Deal, Says 0 Real Shareholder Value Created
1 articles · Updated · Bloomberg · May 27
Ancora launched an activist campaign to derail H.B. Fuller’s proposed acquisition, arguing the adhesives maker should not pursue the deal in its current form.
James Chadwick, president of Ancora’s alternatives division, said H.B. Fuller has failed to generate “real, economic value for shareholders,” making that record the centerpiece of the fund’s case.
The campaign puts fresh pressure on H.B. Fuller’s acquisition strategy and signals a broader challenge to management’s capital-allocation decisions.
The fight adds to a wider wave of activist scrutiny over industrial companies pursuing deals while investors question returns and standalone performance.
Will an activist's push for a sale derail H.B. Fuller's £600 million UK acquisition?
Is this fight the start of a new activist war on ambitious cross-border M&A deals?
With its takeover in jeopardy, could UK medical firm AMS attract a rival bidder?