IN BRIEF: Advanced Medical Solutions extends HB Fuller offer deadline

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Advanced Medical Solutions Group PLC - Cheshire, England-based surgical dressings company - Announces the extension of the put-up-or-shut-up deadline for Minnesota, US-based adhesive manufacturer HB Fuller Co to either announce a firm intention to make an offer for AMS or no intention to make an offer. Advanced Medical says talks between the two companies remain ongoing. HB Fuller’s new PUSU deadline is now 1700 BST on July 2, although this can be further extended with permission from the Panel on Takeovers & Mergers. AMS says it will make a further announcement when appropriate, and advises shareholders to take no action in the meantime.

AMS confirmed on May 21 that HB Fuller had approached it regarding a possible cash takeover offer. This followed Boston, Massachusetts-based private equity firm TA Associates (UK) LLP earlier that month stating that it did not intend to make an offer.

Current stock price: 227.50 pence, up 0.2% on Thursday in London

12-month change: up 9.1%

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