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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.
Sika offers to buy founders' controlling stake
2015-04-19 19:22:28| Chemicals - Topix.net
Swiss chemicals company Sika AG has offered 2.25 billion Swiss francs to buy its founding family's controlling stake, Swiss media reported Sunday, a move designed to scupper a hostile takeover by France's Saint-Gobain SA. The management of Baar-based Sika has made the offer to encourage the Burkard family to cancel their agreement to sell their holding to Saint-Gobain for 2.75 billion francs.
Tags: buy
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Sika Announces Annual General Meeting
2015-04-15 07:00:00| Coatings World Breaking News
Tags: general
meeting
annual
annual meeting
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.
Burkard family dealt blow in Sika sale bid
2015-04-14 21:05:55| Chemicals - Topix.net
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