Advanced Medical Solutions shares hold 2.3% deal spread after H.B. Fuller bid
Advanced Medical Solutions Group plc shares jumped 16.1% to 278.5 pence Thursday after H.B. Fuller Company said it would acquire the company at 285p per share in cash. The stock quote at 08:56 BST was 6.5p, or 2.3%, under the offer price. AMS’s fully diluted equity is valued at £659 million in the offer, with an enterprise value put at £715 million. The price is 34.8% above the 212p undisturbed close on May 20, but the premium over Wednesday’s 240p close is 18.8%.