Gates Foundation Trust / Cascade Calls for Saint-Gobain to Make Public Tender Offer to All Shareholders of Sika

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 (

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 today 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 (

600450 Gates Foundation Trust / Cascade Calls for Saint-Gobain to Make Public Tender Offer to All Shareholders of Sika
Date: 10 March 2015

See more news about:

See more from these topics:

Others also read

NGA and GANA are pleased to announce a new collaboration that brings the GANA Fall Conference to GlassBuild America 2017.
Now is the time for revolutionary glass for evolving workspaces, with Saint-Gobain Inspire’s Planilaque Evolution.
The CTBUH has announced the Top Company Rankings for numerous disciplines as derived from the list of projects appearing in the book "100 of the World’s Tallest Buildings"
The VEKA UK Group is celebrating the resounding success of its new website, a little over a year since it first went ‘live’.
This acquisition aligns perfectly with Polyframe’s stated strategic goal to be the market leading trade fabricator of high quality window and doors.
China Ginza Tokyo is a luxurious and unique building expressing the spirit of Chanel through a façade generating images and acting as lighting for the building.

Add new comment