M&A
confidence high
sentiment positive
materiality 0.85
H.B. Fuller to acquire Advanced Medical Solutions for £2.85/share, ~£715M enterprise value
FULLER H B CO
- Offer price of 285p per AMS share in cash; total enterprise value £715M.
- Pre-synergy EBITDA multiple of 12.9x; expected run-rate synergies of ~$55M by 2031.
- Financing via secured ($2.087B) and unsecured ($917M) bridge credit agreements.
- Transaction expected to close by end of 2026, subject to shareholder and regulatory approvals.
- New medical business unit to represent ~10% of combined revenue and EBITDA.