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Swiss regulator rejects Gates appeal on Sika, Saint-Gobain deal

2015-05-04 22:22:32| Chemicals - Topix.net

The Swiss financial regulator on Monday denied an appeal by investors including Bill Gates over a proposed 2.75 billion Swiss franc takeover of Swiss firm Sika chairman and his wife Melinda as well as Cascade Investment had sought to force the French firm to buy out minority shareholders in Sika, which is controlled by the Burkard-Schenker family. Swiss financial overseer FINMA said it backed an April decision by Switzerland's takeover board that Saint-Gobain is not required to make an offer to the Baar-based chemicals firm's minority shareholders.

Tags: deal appeal swiss gates

 

Gains from deals boost net at Swiss pharma firm Novartis; strong dollar shrinks earnings

2015-04-23 09:48:01| Biotech - Topix.net

Swiss-based pharmaceutical company Novartis reported a large jump in first-quarter net profit Thursday as it recorded one-time gains from deals with other drug companies. Net profit rose to $13.005 billion from $2.968 billion in the year-ago quarter.

Tags: net strong firm deals

 
 

Cara stock price soars as parent of Harvey's, Swiss Chalet returns to TSX

2015-04-10 18:07:34| IT Services - Topix.net

Shares of Cara began trading publicly for the first time in more than a decade on Friday and quickly jumped about 40 per cent above the price set for a $200-million stock offering by the Canadian restaurant company. Cara shares were as high as $33 after the first hour of trading, which was $10 above the IPO price set by Cara Operations - owner of the Harvey's, Swiss Chalet and other restaurant chains.

Tags: to price stock returns

 

Swiss Must Knock Down Trade Barriers, Says Report

2015-04-02 02:00:00| ThePigSite - Industry News

SWITZERLAND – Half of Swiss farm receipts come from farm support measures and major trade barrier reductions should be rolled out to address this.

Tags: report trade says swiss

 

Orange name to go as Swiss unit rebrands

2015-03-31 02:00:00| Total Telecom industry news

Swiss telco to adopt new brand in wake of Xavier Niel acquisition; sees revenue creep up in 2014.

Tags: unit orange swiss rebrands

 

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