Saint-Gobain Not Obliged to Bid for All of Sika, Court RulesBy
Court upholds opting-out clause in battle over Sika control
Ruling by Swiss court is final and cannot be appealed
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.
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