Posts Tagged ‘ SIKA Saint-Gobain ’

SIKA Receives Appeal of Swiss Court Decision in Takeover Attempt

Jan 5th, 2017

SIKA AG has received an appeal filed by Schenker-Winkler Holding AG against a Swiss court that favored SIKA in a years-long dispute. In a release dated January 5, SIKA noted that on October 27, 2016, the Cantonal Court of Zug (Switzerland) “ … denied all requests of Schenker-Winkler Holding AG (SWH). The Court held that […]

Swiss Court Rules Against Saint-Gobain in Sika Dispute

Oct 31st, 2016

A Swiss court sided with Swiss specialty chemical company SIKA AG’s management Friday in a dispute with its founders, who want to sell their shares to French rival Saint-Gobain SA. The court decision is the latest in a years-long dispute between the two companies. The Burkard family – which founded SIKA AG – owns SIKA’s […]

SIKA Restricts SWH’s Voting Rights at Annual General Meeting

Apr 15th, 2016

Saint-Gobain’s battle for control of SIKA continues. The latest development came this week during the annual general shareholders meeting when the board of directors for Swiss specialty chemical company SIKA again restricted the voting rights of Schenker-Winkler Holding (SWH) to 5 percent of all registered shares. French conglomerate Saint-Gobain plans to acquire SWH, thus gaining […]

The Swiss Competition Commission Green Lights Saint-Gobain’s Acquisition

Sep 18th, 2015

The Swiss Competition Commission has “unconditionally authorized Saint-Gobain’s acquisition of control over SIKA,” according to French conglomerate Saint-Gobain. “This decision follows the favorable ruling handed down by the European Commission on July 22, 2015 as well as the decisions already received from other competition authorities, notably in the United States and China,” according to Saint-Gobain. […]