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Saint-Gobain, Sika Clash on Takeover

2015-03-05 08:36:48| Chemicals - Topix.net

Europe's biggest supplier of building materials is encountering strong resistance in its $3 million bid to acquire a controlling interest in a Swiss specialty chemical company. A majority of Sika AG's stakeholders, along with Sika's board of directors and management team, now oppose the planned takeover by Saint-Gobain, the company said in a statement Friday .

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