Tag Archives: Sika

Saint-Gobain Says Acquisition of SIKA Moving Forward

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“Antitrust filings are proceeding as planned.” This is how French conglomerate Saint-Gobain’s management refers to the company’s bid to acquire Swiss specialty chemical company SIKA AG in its 2015 report on half-year results. “Under no circumstances can Saint-Gobain be forced … Continue reading

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SIKA Board Holds Extraordinary Shareholders Meeting

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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 … Continue reading

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

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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 … Continue reading

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SIKA’s Board Says No to Proposed Agenda Changes at Extraordinary Meeting

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Swiss specialty chemical company SIKA AG’s board has denied Schenker-Winkler Holdings (SWH) request to revise the agenda for the July 24, 2015 extraordinary general meeting. “In view of the resolutions of the annual general meeting of April 14, 2015, SWH’s … Continue reading

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Swiss Superior Court Denies SWH Appeal to Overturn Voting Restriction

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The Swiss Superior Court of Zug (Obergericht Zug) has denied Schenker-Winkler Holding AG’s (SWH) appeal over its restriction of voting rights in specialty Swiss chemical company SIKA AG. SIKA, its current management and some investors are attempting to stave off … Continue reading

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SIKA Saga Continues

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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. … Continue reading

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AIA Show Hits Glass and Glazing Industry’s Hot Topics

The American Institute of Architects (AIA) Convention 2015 wrapped up Saturday afternoon in Atlanta after three days sporting a busy show floor. The glass and glazing industry maintained a strong presence throughout the event, as exhibitors ranged from glass and … Continue reading

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Saint-Gobain, Burkard Family Extend Time Period for Deal

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Saint-Gobain’s agreement with the Burkard family over the sale of Schenker-Winkler Holding (SWH) has been extended until June 30, 2016. The deal would position Saint-Gobain to gain majority voting rights in Swiss specialty chemical company Sika AG without having to … 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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