Advanced Medical Solutions shares hold 2.3% deal spread after H.B. Fuller bid
Advanced Medical Solutions shares rose 16.1% to 278.5p after H.B. Fuller agreed to acquire the company for 285p per share in cash, valuing AMS at £659 million. Early trading saw 13.9 million shares change hands, or 6.3% of shares outstanding. H.B. Fuller said the deal’s EBITDA multiple drops from 12.9x to under 8x with synergies. AMS’s board unanimously recommended the offer.