India, June 25 -- On Thursday, H.B. Fuller Co. (FUL), a medical adhesive company, announced that it has made a recommended cash offer to acquire Advanced Medical Solutions Group plc (AMS.L) for 2.85 pounds per share, resulting in a total enterprise value of 715 million pounds.
On the London Stock Exchange, AMS shares were gaining 16.05 percent, trading at 278.52 pence.
In the pre-market activity on the NYSE, H.B. Fuller shares were down 3.04 percent, at $62.70, after closing Wednesday's regular trading 2.34 percent high.
The transaction is expected to close by the end of the calendar year, subject to AMS shareholder approval, customary closing conditions, and regulatory approvals.
With the acquisition, AMS is expected to increase H.B. F...