Sika's shareholders appeal FINMA decision on Saint Gobain takeover

By Josie Shillito
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.

The group,...

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