SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS AND MANAGEMENT INCREASES TO OVER 50 PERCENT
(Thomson Reuters ONE) -
Sika AG /
SHAREHOLDER SUPPORT FOR SIKA BOARD OF DIRECTORS AND MANAGEMENT INCREASES TO OVER
50 PERCENT
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
An ever growing number of Sika shareholders are actively opposing Saint-Gobain's
plans to take control the company in a hostile takeover. Only ten weeks after
Saint-Gobain's intentions became public, shareholders representing more than
half of Sika's capital have explicitly declared their support for the course
adopted by the Board of Directors and management of Sika. Together these
investors hold more than three times as much capital as the Burkard family's
Schenker-Winker Holding. In addition to well known institutional investors such
as the Bill & Melinda Gates Foundation, Fidelity Worldwide or Threadneedle
Investments, 22 Swiss pension funds and countless private investors support the
Board of Directors and Group Management in their approach. The huge, constantly
growing backing of shareholders and other important stakeholders is
strengthening Sika management in its resolve. The Board of Directors and Group
Management will continue to protect and defend the legitimate interests of all
Sika stakeholders.
Since Saint-Gobain's declared aim is to exert full control over Sika despite
holding just 16 percent of its capital, the planned hostile takeover jeopardizes
these interests. It would also result in huge conflicts of interests, for
example because Saint-Gobain competes directly with Sika in the mortar business.
DATE February 27, 2015 CONTACT Dominik Slappnig
Corporate Communications &
SIKA AG Zugerstrasse 50 Investor Relations
6341 Baar, TELEPHONE +41 58 436 68 21
Switzerland
www.sika.com E-MAIL slappnig.dominik(at)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:
Media Release:
http://hugin.info/100359/R/1898334/674036.pdf
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originality of the information contained therein.
Source: Sika AG via GlobeNewswire
[HUG#1898334]
Unternehmensinformation / Kurzprofil:
Datum: 27.02.2015 - 19:11 Uhr
Sprache: Deutsch
News-ID 374945
Anzahl Zeichen: 3335
contact information:
Town:
Baar
Kategorie:
Business News
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