checkAd

     832  0 Kommentare GATES FOUNDATION / CASCADE CALLS FOR SAINT-GOBAIN TO MAKE PUBLIC TENDER OFFER TO ALL SHAREHOLDERS OF SIKA

    Sika AG / GATES FOUNDATION / CASCADE CALLS FOR SAINT-GOBAIN TO MAKE PUBLIC TENDER OFFER TO ALL SHAREHOLDERS OF SIKA . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

    Sika AG has received notice that the Bill and Melinda Gates Foundation Trust and Cascade Investment, L. L. C. (together the Applicants)  have filed a request with the Swiss Takeover Board. The Applicants now hold jointly 3% of the voting rights of Sika AG and have been longstanding shareholders of Sika. The Applicants have requested the Swiss Take Over Board to declare that Saint-Gobain is obliged to submit a public tender offer for all the publicly-held shares in Sika AG.

    In previous correspondence to the Board of Sika AG, the Applicants have already expressed their fundamental opposition to the hostile takeover attempt of Sika by Saint-Gobain. They have also filed two requests for the next General Assembly of Sika AG to institute a special audit and an expert committee. (http://www.sika.com/en/group/Media/Mediareleases/shareholder-group-req ...)

    This is the second proceeding before the Swiss Takeover Board with regard to the intended hostile takeover by Saint-Gobain. In a decision issued by the Swiss Takeover Board today, the validity of the opting-out clause was confirmed in principle. However, the Swiss Takeover Board left it expressly open in its decision yesterday as to whether Saint-Gobain could invoke the opting out clause or would be obliged to submit a public tender offer in case it were to acquire a controlling interest in Sika. (http://www.takeover.ch/transactions/document/id/2721/lang/en)

    DATE March 6, 2015 CONTACT Dominik Slappnig
          Corporate Communications &
    SIKA AG Zugerstrasse 50   Investor Relations
      6341 Baar, Switzerland TELEPHONE +41 58 436 68 21
      www.sika.com E-MAIL slappnig.dominik@ch.sika.com

    SIKA CORPORATE PROFILE
    Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and the motor vehicle industry. Sika has subsidiaries in 90 countries around the world and manufactures in over 160 factories. Its approximately 17,000 employees generated annual sales of CHF 5.6 billion in 2014.

    The media release can be downloaded from the following link:




    This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Sika AG via Globenewswire

    HUG#1900275

    --- End of Message ---

    Sika AG
    Zugerstrasse 50 Baar

    WKN: 858573;ISIN: CH0000587979;





    GlobeNewswire
    0 Follower
    Autor folgen

    Verfasst von GlobeNewswire
    GATES FOUNDATION / CASCADE CALLS FOR SAINT-GOBAIN TO MAKE PUBLIC TENDER OFFER TO ALL SHAREHOLDERS OF SIKA Sika AG / GATES FOUNDATION / CASCADE CALLS FOR SAINT-GOBAIN TO MAKE PUBLIC TENDER OFFER TO ALL SHAREHOLDERS OF SIKA . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this …