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HB Fuller Co (FUL.N)

FUL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

American Securities agrees to sell Royal Ddhesives & Sealants to H.B. Fuller Company
Monday, 4 Sep 2017 09:45pm EDT 

Sept 5 (Reuters) - American Securities - :American Securities announces agreement to sell Royal Adhesives & Sealants to H.B. Fuller Company.American Securities LLC - Entered into a definitive agreement to sell Royal Adhesives & Sealants to H.B. Fuller Company for $1.575 billion.  Full Article

H.B. Fuller to buy Royal Adhesives & Sealants for $1.58 bln
Monday, 4 Sep 2017 08:09pm EDT 

Sept 4 (Reuters) - HB Fuller Co :H.B. Fuller announces agreement to acquire Royal Adhesives & Sealants.HB Fuller co says agreed purchase price is $1,575 million.H.B. Fuller intends to finance transaction through new debt financing.HB Fuller co says upon closing transaction, H.B. Fuller will be a company with nearly $2.9 billion in revenue.Identified $35 million in cost synergies, $15 million in growth synergies expected to be realized over next 3 years as result of merger.  Full Article

H.B. Fuller Co agrees to purchase Adecol
Tuesday, 18 Jul 2017 09:00am EDT 

July 18 (Reuters) - HB Fuller Co ::H.B. Fuller Company agrees to purchase Adecol.HB Fuller - signed an agreement to purchase adhesives company, Adecol Ind. Química, Limitada In Brazil.HB Fuller Co - company has agreed to pay 8 times the 2016 EBITDA for business.H.B. Fuller company agrees to purchase adecol‍​.  Full Article

HB Fuller sets regular quarterly cash dividend of $0.15/share
Thursday, 13 Jul 2017 01:21pm EDT 

July 13 (Reuters) - HB Fuller Co ::Sets regular quarterly cash dividend of $0.15 per share.  Full Article

H.B. Fuller reports Q2 adjusted earnings per share $0.62
Wednesday, 28 Jun 2017 08:29pm EDT 

June 28 (Reuters) - H.B. Fuller Co :Reports second quarter 2017 results.Q2 adjusted earnings per share $0.62.Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.50.Q2 revenue $561.7 million versus i/b/e/s view $571.8 million.Sees FY 2017 adjusted earnings per share $2.57 to $2.67.Says adjusted EBITDA for fiscal year 2017 is expected to be between approximately $290 million and $300 million.Expect to invest approximately $60 million in capital items in 2017.Says expect 2017 to provide another strong positive step forward in delivering 2020 strategic commitments.  Full Article

HB Fuller says co, foreign units enter into credit agreement
Tuesday, 18 Apr 2017 03:19pm EDT 

April 18 (Reuters) - HB Fuller Co ::On April 12, 2017, co and certain of its foreign subsidiaries entered into a credit agreement - SEC filing.New credit agreement is intended to replace credit agreement dated as of October 31, 2014.New credit agreement establishes $400 million multi-currency revolving credit facility and a $100.0 million term credit facility.Term facility was drawn in full on April 12, 2017 and used to pay $100.0 million then outstanding under prior credit agreement.New credit agreement expires on April 12, 2022, at which time all outstanding loans under credit facilities mature.Company may use credit facilities to repay certain existing indebtedness among other things.  Full Article

H.B. Fuller announces $200 mln share repurchase program
Thursday, 6 Apr 2017 04:30pm EDT 

HB Fuller Co : H.B. Fuller announces $200 million share repurchase program; increases quarterly dividend . HB Fuller Co - To increase company's regular quarterly cash dividend from $0.14 per share of common stock to $0.15 per share of common stock . HB Fuller Co - Dividend of $0.15 per share of common stock is payable on May 4, 2017 . HB Fuller Co - Authorized a share repurchase program of up to $200 million of company's outstanding common shares for a period of up to five years .HB Fuller Co - The share repurchase authorization replaces company's previous authorization that was approved in September of 2010.  Full Article

H.B. Fuller reports Q1 revenue $503.3 million
Wednesday, 29 Mar 2017 08:14pm EDT 

HB Fuller Co : H.B. Fuller reports first quarter 2017 results . Q1 adjusted earnings per share $0.48 . Q1 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Reaffirms FY 2017 adjusted earnings per share view $2.57 to $2.77 . Q1 earnings per share $0.29 . Q1 revenue $503.3 million versus I/B/E/S view $486.8 million . Confirms fiscal year 2017 adjusted diluted EPS guidance $2.57 to $2.77 . Increased 2017 adjusted EBITDA guidance to $300 million . HB Fuller - Expect 2017 to provide another strong positive step forward in delivering 2020 strategic commitments for growth, profit and cash flow performance . Still expect to invest approximately $60 million in capital items in 2017 . Constant currency growth, on a comparable 52-week basis, is now expected to be around 8 percent for 2017 versus 2016 fiscal year .Still expect to invest approximately $60 million in capital items in 2017.  Full Article

HB FULLER FILES FOR MIXED SHELF, SIZE UNDISCLOSED
Monday, 6 Feb 2017 02:07pm EST 

HB Fuller Co :FILES FOR MIXED SHELF, SIZE UNDISCLOSED - SEC FILING.  Full Article

HB Fuller approves organizational restructuring plan
Friday, 9 Dec 2016 05:00pm EST 

Hb Fuller Co : On December 7, 2016, co approved a restructuring plan related to organizational changes and other actions . HB Fuller Co says plan will be implemented beginning in Q1 of fiscal year 2017 and is currently expected to be completed by mid-year of fiscal 2018 . Hb Fuller Co says approximately $15 million to $16 million ($12 million to $13 million after-tax) of costs are expected to be cash costs . Hb Fuller Co - expects to incur costs of approximately $17 million to $20 million as part of restructuring plan .Hb Fuller - restructuring costs will be spread across next several quarters as measures are implemented with majority of costs occurring in fiscal 2017.  Full Article

H.B. Fuller to buy Royal Adhesives & Sealants for $1.58 billion

Adhesive maker H.B. Fuller Co said it signed an agreement to acquire its smaller rival Royal Adhesives & Sealants from affiliates of private equity firm American Securities LLC for about $1.58 billion.