Sika's shareholders appeal FINMA decision on Saint Gobain takeover
Published: Monday, 18 May 2015
Saint Gobain’s tenacity in the face of obstruction from Sika’s shareholders underscores the strategic importance it must place on the acquisition of the Swiss chemicals company, and the value of consolidation in the construction sector as a whole.
A shareholder group led by Bill and Melinda Gates has filed
an appeal against the Swiss Financial Markets Supervisory
Authority’s (FINMA) decision
to uphold a legal clause which effectively supports the terms
of construction giant Saint Gobain’s hostile
takeover bid for Swiss chemicals company Sika AG.