Swiss court rules that Saint-Gobain does not have to bid for all shares in Sika

摘要

A Swiss court has confirmed that Saint-Gobain (Courbevoie, France) is not required to make a mandatory public takeover bid for all of the shares in Sika (Baar, Switzerland). Saint-Gobain, as previously reported, is trying to gain control of Sika by acquiring the Schenker-Winkler Holding's (SWH) 16.1% equity stake and 52.4% voting rights in Sika for 2.75 billion Swiss francs. SWH is the Burkhard-Schenker family's holding firm. Sika's board has been in a legal battle for months with the Burkhard-Schenker family over the family's agreement to sell its interest in Sika to Saint-Gobain.