Sika AG: COURT REJECTS THE CHALLENGE ACTION OF SCHENKER-WINKLER HOLDING AG
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Sika AG /
Sika AG: COURT REJECTS THE CHALLENGE ACTION OF SCHENKER-WINKLER HOLDING AG
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The issuer is solely responsible for the content of this announcement.
In its decision of October 27, 2016, the Cantonal Court ("Kantonsgericht") Zug
denied all requests of Schenker-Winkler Holding AG (SWH). The Court held that
the share transfer restriction ("Vinkulierung", art. 4 of Sika's articles of
association) applies to the sale of the Sika shares held by SWH to Saint-Gobain.
The non-conflicted Board members welcome the decision as it confirms their
position and legitimizes the actions of Sika's Board. The non-conflicted Board
members re-emphasize that they continue to be available for discussions with the
Burkard family to find an amicable solution that is in the best interest of all
stakeholders.
A media conference will be held today at 8.00 p.m. CET at Sika, Tüffenwies
16, 8048 Zurich.
The media conference will be transmitted live on the Sika website.
Link to live transmission of the media conference: www.sika.com/presentations
CONTACT
Dominik Slappnig
Corporate Communications and
Investor Relations
+41 58 436 68 21
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 protection in the building sector and automotive industry. Sika
has subsidiaries in 97 countries around the world and manufactures in over 170
factories. Its more than 17,000 employees generated annual sales of CHF 5.49
billion in 2015.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/2052701/768305.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2016 - 20:00 Uhr
Sprache: Deutsch
News-ID 503639
Anzahl Zeichen: 2434
contact information:
Town:
Baar
Kategorie:
Business News
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