This record is sourced from an Exhibit 2.1 announcement furnished with H.B. Fuller's Form 8-K filed June 26, 2026, structured as a formal UK Takeover Code "Rule 2.7" recommended-offer announcement. At announcement, the AMS board of directors had unanimously recommended the acquisition to shareholders, and the deal was expected to complete by the end of calendar year 2026, subject to shareholder and regulatory approvals.
Goldman Sachs and Perella Weinberg both acted as financial advisers to H.B. Fuller, per the announcement's statement that "Goldman Sachs and Perella Weinberg are acting as financial advisers to H.B. Fuller." On the AMS side, Evercore served as Joint Financial Adviser and Rule 3 Adviser, and Investec served as Joint Financial Adviser, Rule 3 Adviser, Nominated Adviser and Corporate Broker, per the announcement's enquiries section; no advisor is designated as sole lead on either side given the joint structures described.
On the legal side, Ashurst LLP and Perkins Coie LLP advised H.B. Fuller, while Addleshaw Goddard LLP advised AMS.
The announcement states H.B. Fuller expects to capture approximately $55 million (about £41 million) in combined run-rate revenue and cost synergies by 2031, including roughly $20 million in commercial synergies and $35 million in cost synergies, and that the acquisition is expected to add approximately 100 basis points to consolidated EBITDA margin within 24 months; the 285 pence offer represents a premium of approximately 34.8% to AMS's closing price on the last business day before the offer period began.
Not disclosed in the sourced document is the precise percentage fee or compensation arrangement for any of the named advisers, the exact expected completion date beyond "end of the calendar year 2026," or whether the transaction will ultimately be implemented via scheme of arrangement versus a takeover offer, since Bidco reserved the right to elect either structure.