Swiss court defies Gates appeal to block Saint-Gobain Sika takeover
Published: Wednesday, 02 September 2015
A ruling by the Federal Administrative Court that the French construction materials giant can use an “opt-out” facility to dodge public shareholders in its bid to acquire the Swiss chemicals business moves Saint-Gobain closer to sealing the deal, but a number of legal barriers erected by opponents of the takeover remain.
Swiss chemicals business Sika is a step closer to
being taken over by French rival construction materials
behemoth Saint-Gobain today,
after the Federal Administrative Court in Switzerland rejected
an appeal by the Bill and
Melinda Gates Foundation and Cascade Investment to prevent the
The Swiss federal administrative court confirmed...