Saint-Gobain Suffers Setback in Bid for Control of Swiss Chemical Maker

The French conglomerate Saint-Gobain suffered a setback on Monday in its bid to take control of Sika, the Swiss specialty chemical maker.   In December, Saint-Gobain agreed to buy a controlling stake held by the Burkhard family in Sika for 2.75 billion Swiss francs, or about $3.1 billion.

But Sika’s board of directors and its management have publicly opposed the deal.

Read more at: dealbook.nytimes.com/2015/01/26/saint-gobain-suffers-setback-in-bid-for-control-of-swiss-chemical-maker/

600450 Saint-Gobain Suffers Setback in Bid for Control of Swiss Chemical Maker glassonweb.com
Date: 28 January 2015
Source: www.dealbook.nytimes.com

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