Sunday, April 19, 2015

The management of Sika made an offer to buy shares of SWH – Romandie.com


Management Sika has proposed the holding company Schenker-Winkler (SWH), which represents the interests of the heirs of the founders of Zug Company to repurchase their shares, revealed a spokesman. The purpose of this job is to counter that of the French Saint-Gobain.

According to the weekly German-speaking “SonntagsZeitung”, citing “two knowledgeable sources,” the offer made by the management of Sika is 2 25 billion.

“It is true that the board has made an offer to the family and the offer is accompanied by a prime” whose interests are managed by the holding SWH, told AFP a spokesman for Sika, Dominik Slappnig. However, he did not specify the amount of the offer and the premium.

In early December 2014, the French construction materials giant had offered him CHF 2.75 billion to resume participation heirs with a premium of 80%. Their participation amounts to 16.1% of the capital, but represents 52.4% of the voting rights, which allowed Saint-Gobain to take control of the company without having to launch a takeover bid.

For more than five months, the holding SWH and part of the board tear alongside many minority shareholders about the proposed takeover by Saint-Gobain. Sika leaders oppose the operation on which they have not been consulted, lest it be at the expense of Sika competitor Saint-Gobain its mortar business.

(ats / 20/04/2015 0:04)

(TTY / 04/20/2015 0:04) ->
 

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