Posts Tagged ‘ Saint-Gobain ’

SIKA Shows Growth in All Regions, Saint-Gobain Uncertainty Remains

Nov 16th, 2015


Swiss-based specialty chemical company SIKA AG reported a 5.5 percent sales increase at constant exchange rates for the first nine months of 2015. Though results were strong, the report indicated that one uncertainty remains—Saint-Gobain. “The unknown outcome of Saint‐Gobain’s hostile takeover attempt remains an element of uncertainty for the future,” according to the report. Growth […]

Saint-Gobain Awaits Swiss Court Decision to Pursue SIKA Deal

Oct 29th, 2015

French conglomerate Saint-Gobain plans to pursue controlling interest in Swiss specialty chemical company SIKA AG pending a decision by the Swiss Zug Supreme Court. The court decision is expected in the first half of 2016, according to the company’s latest 2015 third-quarter financial report. The company is waiting to see if the court will lift the […]

Dispute Between Saint-Gobain and SIKA Continues

Oct 20th, 2015

French conglomerate Saint-Gobain is continuing to pursue its plan to acquire controlling interest in Swiss specialty chemical company SIKA AG, according to the company’s latest letter to shareholders. Meanwhile, a letter was sent to Saint-Gobain management by SIKA’s managers “urging the company to reconsider its acquisition plans,” based on a local report. A Saint-Gobain spokesman reportedly […]

Saint-Gobain Opens New North American Headquarters

Oct 15th, 2015

Saint-Gobain has officially opened its new North American corporate headquarters in Malvern, Pa. The 320,000-square-foot campus, situated on 65 acres, underwent a renovation over the past 18 months to transform the long-dormant site into a showcase for Saint-Gobain and its North American construction materials subsidiary, CertainTeed Corp. The headquarters opened on the exact day Saint-Gobain […]

Swiss Administrative Court: Saint-Gobain Is Not Obligated to Extend Offer to All Shareholders

Sep 4th, 2015

gavel 2

The Swiss Federal Administrative Court (FAC) had upheld Swiss specialty chemical company SIKA AG’s opt-out clause, rejecting a complaint filed over the clause by the Bill and Melinda Gates Foundation Trust and Cascade Investment. The court drama began after French conglomerate Saint-Gobain’s plan to gain a controlling interest in SIKA by acquiring Schenker-Winkler Holding (SWH) […]

SIKA Board Restricts Voting Rights of Schenker-Winkler Holding

Jul 30th, 2015

Swiss specialty chemical company SIKA AG’s board restricted the voting rights of Schenker-Winkler Holding (SWH) to 5 percent of all registered shares, thwarting the Burkard family-owned company’s attempt to remove the board chairman and several board members during the extraordinary shareholders meeting held Friday. In a repeat of what occurred at annual general shareholders meeting […]

EU Commission Approves Saint-Gobain’s Bid to Acquire SIKA

Jul 24th, 2015


The European Commission has approved the proposed acquisition of Swiss specialty chemical company SIKA AG by French conglomerate Saint-Gobain.  “The Commission concluded that the proposed acquisition would not raise competition concerns because the combined market shares of the parties are moderate and a large number of competitors will remain active after the merger in all […]

SIKA Saga Continues

Jun 1st, 2015

The Bill & Melinda Gates Foundation Trust and Cascade Investment, investors in Swiss specialty chemical company SIKA, have appealed to the Swiss Federal Administrative Court after they found the decision of The Swiss Financial Markets Authority (FINMA) concerning SIKA unfavorable. SIKA, its current management and some investors are attempting to stave off a bid by […]

Swiss Financial Authority: Sika’s Opt-Out Clause Has Merit

May 7th, 2015

The Swiss Financial Markets Authority (FINMA) has denied an appeal by the Bill & Melinda Gates Foundation Trust as well as Cascade Investment, which are both shareholders in Swiss specialty chemical company Sika AG. The shareholders were attempting to appeal a decision by the Swiss Takeover Board to uphold Sika’s opt-out clause, which would allow […]

Sika’s Annual General Meeting Becomes Heated 7-Hour-Long Debate

Apr 16th, 2015

Sika chairman Paul Hälg speaks during the company’s annual general meeting. He called the event “historic.”

Swiss specialty chemical company Sika AG’s seven-hour-long annual general meeting of shareholders on Tuesday is one for the record books. The Swiss company’s management and several board members are in a standoff with Burkard family-owned Schenker-Winkler Holding (SWH) over the potential sale of SWH to Saint-Gobain, which would give the French conglomerate majority voting rights […]