Sika AG: TAKEOVER BOARD TAKES DECISION ON OPTING-OUT
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Sika AG /
Sika AG: TAKEOVER BOARD TAKES DECISION ON OPTING-OUT
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Yesterday evening the Swiss Takeover Board decided that the Opting-Out of Sika
AG pursuant to article 5 of the articles of incorporation is valid as such. The
Takeover Board has explicitly not decided the question whether in view of the
proposed transaction the use of the Opting-Out by Saint-Gobain is abusive as has
been put forward by Sika. According to the Takeover Board this question will
only have to be decided if indeed Saint-Gobain were to acquire more than
33 1/3% of the votes in Sika and then invoked the Opting-Out.
The Takeover Board has also decided that in case of elimination of the Opting-
Out (so-called Opting-In) the requirement that a majority of the minority
shareholders must consent does not apply. The Takeover Board dismissed all
further requests submitted by Schenker-Winkler Holding AG and decided that
Schenker-Winkler Holding AG has to bear the costs. The board of directors of
Sika is asked to release its opinion by March 12, 2015. Sika will analyse the
decision of the Takeover Board and then decide on the way forward.
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(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/1899970/675156.pdf
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Source: Sika AG via GlobeNewswire
[HUG#1899970]
Unternehmensinformation / Kurzprofil:
Datum: 06.03.2015 - 06:00 Uhr
Sprache: Deutsch
News-ID 376638
Anzahl Zeichen: 2980
contact information:
Town:
Baar
Kategorie:
Business News
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