: Sika founding family, which agreed to sell a 16 percent stake carrying 52 percent of the voting rights to France Cie. de Saint-Gobain SA, will face off against management and investors such as the Bill & Melinda Gates Foundation Trust, which oppose the deal, according to Bloomberg. Sika management has said it unacceptable that family shareholders get an 80 percent premium for their stake from Saint-Gobain offer while other investors get nothing -- a divergence that sure to be a major focus at the April 14 shareholder meeting. With a takeover battle for the company raging, the venue this year had to be switched to the 2,000 capacity Waldmannhalle arena that hosted major sports and music events, and the Chippendales male striptease troupe. Also topping the agenda will be the Burkard family attempts to oust Sika chairman, Paul Haelg, along with other executives. Sika and some shareholders argue the 2.75 billion-franc transaction also defies commercial sense and gives the French rival access to its product range, client lists and know-how. This will be a very emotional event with plenty of minority shareholders speaking up and criticizing the family for the deal, said Christian Arnold, an analyst at Bank Vontobel.
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