May 21 (Reuters) – British medical supplier Advanced Medical Solutions on Thursday said it had received an unsolicited takeover proposal from U.S.-based adhesives maker H.B. Fuller, days after its last buyout talks with a private equity firm failed.
Shares of the British company jumped as much as 13.5% to 240 pence after the news.
• The approach, which is the second bid in just over a month for the London-listed firm, comes days after private equity firm TA Associates walked away from the deal talks without disclosing a reason or a bid value.
• At its intraday peak, based on the highest share price reached, Advanced Medical Solutions’ market capitalisation stood at £528.6 million ($710.02 million).
• H.B. Fuller did not immediately respond to Reuters’ request for comment.
($1 = 0.7445 pounds)
(Reporting by Yamini Kalia and Prerna Bedi in Bengaluru; Editing by Shreya Biswas)
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