Posts Tagged ‘ Burkard Family ’

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 […]

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

Apr 16th, 2015

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 […]

Saint-Gobain, Burkard Family Extend Time Period for Deal

Apr 9th, 2015

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 make an offer for the remaining shares. SWH owns 16.1 percent of Sika’s capital with […]