Engine Capital Urges H.B. Fuller’s Board of Directors to Run a Market Check for the Building Adhesive Solutions Segment and the Entire Company
Believes the Board Should Seriously Engage with Ancora’s Proposal and Compare a Potential BAS Divestiture Against a Sale of the Entire Company to Determine the Value-Maximizing Path for All Shareholders
Asserts That the Company’s Status Quo Carries Significant Operational and Financial Risks with Management Simultaneously Focusing on the Integration of AMS, an Accelerated Deleveraging Plan and Project Quantum Leap Restructuring Program
Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 2% of the outstanding shares of common stock of H.B. Fuller Company (NYSE: FUL) (“H.B. Fuller” or the “Company”), today released the following letter sent to the Company’s Board of Directors.
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