Update: H.B. Fuller Set for Higher Ancora Bid of Up to $1.4 Billion for Building Adhesives Unit

08:31 AM EDT, 09/29/2026 (MT Newswires) -- (Updates throughout with additional information from Ancora's press release.) H.B. Fuller (FUL) has received an "enhanced offer" from Ancora Holdings Group to acquire its Building Adhesive Solutions segment for $1.2 billion to $1.4 billion in cash, the activist investor said Tuesday. The revised proposal increases the top end of Ancora's previous offer by $200 million. Ancora has also obtained a "highly confident" letter from Fortress Investment Group regarding its ability to provide the debt financing required for the acquisition, it said. H.B. Fuller's board rejected Ancora's initial $1.1 billion to $1.2 billion proposal on Aug. 24, saying the offer materially undervalued the segment. H.B. Fuller did not immediately respond to MT Newswires' requests for comment.