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Saint-Gobain Not Obliged to Bid for All of Sika, Court Rules

  • Court upholds opting-out clause in battle over Sika control
  • Ruling by Swiss court is final and cannot be appealed
Updated on

Cie. de Saint-Gobain SA’s agreed purchase of a minority stake with majority voting rights in Sika AG does not oblige the French building-materials company to make an offer for the remaining shares of the Swiss adhesives maker, according to Switzerland’s Federal Administrative Court.

The ruling is final and cannot be appealed, the court said in a statement Tuesday.