Sika board “surprised” Saint-Gobain takeover attempt persists
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
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...