Sika board “surprised” Saint-Gobain takeover attempt persists

By Myles McCormick
Published: Tuesday, 12 January 2016

The Swiss firm’s CEO was reluctant to speculate on possible repercussions should the merger proceed, however any definitive outcome is unlikely for another two years as the case makes its way through the Swiss courts.

The board of Swiss construction company Sika AG reiterated objections to a proposed takeover by French rival Saint-Gobain SA during a results conference call today.

Jan Janisch, CEO of Sika, said he was "shocked" and "surprised" that the French giant was persisting with its attempts to merge, but was careful not to...

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