Activist investor Ancora Holdings Group is urging US adhesives maker H.B. Fuller Co. to abandon a proposed takeover of UK‑based Advanced Medical Solutions Group Plc. The push follows concerns that the deal could dilute shareholder value and divert focus from core adhesive businesses.

H.B. Fuller’s plan to acquire AMS, a specialist in medical‑device coatings, aimed to broaden its product portfolio and enter a high‑growth sector. Ancora argues the transaction lacks clear synergies and may strain the company’s balance sheet.

Market watchers note that a withdrawal could preserve capital for research and development in Fuller’s traditional adhesive lines. It also signals that activist pressure can sway strategic decisions, especially when minority shareholders fear overextension.

In the end, H.B. Fuller’s board faces a choice: proceed with a costly expansion or maintain a tighter focus on its established markets. The decision will shape the company’s trajectory for the coming years.