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Sika move marks another twist in takeover battle

2015-01-26 11:21:36| Chemicals - Topix.net

Sika AG claimed Monday that the Swiss chemicals company's controlling family no longer has the right to call an extraordinary general meeting, marking the latest twist in a 2.75 billion Swiss franc takeover battle for the company by France's Saint-Gobain SA. The sale has been fiercely opposed by Sika's board and executives, forcing the family to call an EGM where it aims to remove executives who object to it.

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Category:Chemicals

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