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

Solar Innovations® Architectural Glazing Systems recently launched its new greenhouse planning website at Greenhouse.Planning.Solar.
Ian Ritchie to Keynote GPD Istanbul, 2018.
On January 19, 2018, Signing Ceremony for Coestablishment of Smart Technology School Between Triumph Group and New Jersey Institute of Technology was held in New Jersey Institute of Technology.
The final deadline for abstract submission for GPD China 2018 is 19 January, 2018.
FIT Show’s ‘Installation of the Year’ competition, which launched in 2017 with unprecedented success, is back for 2018. The hunt is now officially on to find the industry’s best glazed installations.
The 79th Conference on Glass Problems, taking place 5–8 November 2018 at the Greater Columbus Convention Center, has announced its Call for Abstracts.

Add new comment