More articles by Jenna Reed

Swiss Court Denies Burkard Family’s Request to Uphold Its Voting Rights in Sika AG

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The Swiss Cantonal Court of Zug has denied Schenker-Winkler Holding’s (SWH) request to uphold the company’s voting rights in Sika AG. SWH is owned by the Burkard family, which controls 16.1 percent of Sika’s capital with 52.4 percent in voting rights. … Continue reading

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Burkard Family’s Bid to Sell Sika Will Be Addressed at Regular Shareholders Meeting

The Swiss Cantonal Court of Zug has denied Schenker-Winkler Holding’s (SWH) request to hold an extraordinary shareholders meeting for Swiss specialty chemical company Sika AG. The Burkard family-owned company, SWH, controls 16.1 percent of Sika’s capital with 52.4 percent in … Continue reading

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Swiss Takeover Board Decides in Favor of Burkard Family

The Swiss Takeover Board has decided the Burkard family, which owns Schenker Winkler Holding AG, can move forward with selling its interest in Swiss chemical company Sika AG to French conglomerate Saint-Gobain. “The Takeover Board has determined that the opting-out … Continue reading

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Saint-Gobain Says Commitment to Acquire Sika “Irrevocable”

In a Power Point presentation covering 2014 full-year financials, French conglomerate Saint-Gobain’s management says its “commitment is irrevocable” to acquire a controlling interest in Swiss specialty chemical company Sika AG. “Consequently, we hope that those members of Sika’s management team … Continue reading

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Swiss Court Dismisses Request to Overturn Sika Board Decision

The Cantonal Court of Zug in Switzerland has dismissed Schenker Winkler Holding AG’s (SWH) request to review a decision by Sika’s board of directors to reduce the company’s voting rights to 5 percent. The Burkard family-owned company controls 16.1 percent … Continue reading

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More than 100 Sika Managers Sign Letter Opposing Saint-Gobain Deal

More than 100 senior managers at Swiss specialty chemical company Sika AG have signed a letter stating their opposition to the French conglomerate Saint-Gobain’s bid to acquire controlling interest in the company, according to a report. The letter was sent … Continue reading

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Sika AG Throws Up New Roadblock for Saint-Gobain

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French conglomerate Saint-Gobain’s deal to acquire a controlling interest in Swiss specialty chemical company Sika AG appears to have had the brakes thrown on. The Sika Board of Directors has decided the Burkard’s family voting rights in the company should … Continue reading

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The Pushback Over Saint-Gobain’s Move to Acquire a Controlling Interest in Sika AG Accelerates

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The management of Swiss specialty chemical company Sika AG continues to push back against French conglomerate Saint-Gobain’s move to seek controlling interest in the company. Several investors are supporting management’s position, including the Bill & Melinda Gates Foundation Trust, Cascade … Continue reading

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Schenker Winkler Holding Looks to Remove Three Sika Board Members

Schenker Winkler Holding AG, which is owned by the family that controls Sika AG, has requested the Swiss specialty chemical company hold an extraordinary general meeting and proposes to remove Dr. Paul Hälg, Monika Ribar and Daniel Sauter as current … Continue reading

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Sika Sees Sales Climb 11.7 Percent

Sika reported sales growth of 11.7 percent in the third quarter. For the first nine months of the business year, sales increased by 15.8 percent. All regions contributed to the sales growth, according to officials. North America posted an 8.5-percent … Continue reading

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