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Sika Reduces Family's Rights to Stop a Sale to Saint-Gobain

2015-04-14 21:05:56| Chemicals - Topix.net

BAAR, Switzerland-Swiss chemical maker Sika AG on Tuesday reduced the voting rights of its founding family, a move designed to thwart the proposed sale of their stake to France's Saint-Gobain SA. At the company's annual meeting, the board capped the family's voting rights at 5%, severely limiting the appeal of their stake.

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