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Sika AG (SIK.S)

SIK.S on Virt-X Level 1

8,075.00CHF
9:39am EDT
Change (% chg)

CHF-5.00 (-0.06%)
Prev Close
CHF8,080.00
Open
CHF8,115.00
Day's High
CHF8,175.00
Day's Low
CHF8,040.00
Volume
5,826
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52-wk High
CHF8,405.00
52-wk Low
CHF6,040.00

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Tue, May 15 2018

Sika to issue 1.5 bln Sfr in bonds to buy own shares from Saint-Gobain

ZURICH, May 15 Sika said it is selling a 1.5 billion Swiss franc ($1.50 billion) convertible bond, with the proceeds going towards buying its own shares back from Saint-Gobain.

Sika's deal with France's Saint-Gobain may make it a bid target

PARIS/ZURICH Swiss adhesives maker Sika has repelled a hostile takeover bid from Saint-Gobain in a $3.2 billion deal that gives the French company a minority stake but may make Sika a more attractive target for others.

UPDATE 3-Sika's deal with France's Saint-Gobain may make it a bid target

* Saint-Gobain shares also climb (Adds further comments and detail)

BRIEF-Sika chairman acknowledges company might become takeover target

* CHAIRMAN PAUL HAELG SAYS DEAL WITH SAINT-GOBAIN WILL HELP ACCELERATE SIKA GROWTH STRATEGY

BRIEF-Sika Investor Columbia Threadneedle Investments Says Deal Allows Sika’S Corporate Governance And Capital Structure To Be Brought Into Line With Best Practice

* INVESTOR THREADNEEDLE INVESTMENTS SAYS WELCOMES TODAY’S ANNOUNCEMENT ON SIKA AG, SAYS IT IS A "SENSIBLE AND FAIR SOLUTION AND WE FULLY SUPPORT IT"

Saint-Gobain to take stake in Sika as construction groups end dispute

PARIS, May 11 French building materials company Saint-Gobain and Swiss peer Sika said on Friday they had reached an agreement to end a long-standing legal dispute, which will result in Saint-Gobain acquiring a large stake in Sika.

BRIEF-Saint-Gobain And Sika AG Reach Agreement, French Company Plans To Take Large Stake In Swiss Adhesives Maker But Not Majority Control -- Sources

* AND SIKA AG REACH AGREEMENT, FRENCH COMPANY PLANS TO TAKE LARGE STAKE IN SWISS ADHESIVES MAKER BUT NOT MAJORITY CONTROL -- SOURCES Source text for Eikon: Further company coverage: (Reporting By Zurich newsroom)

Saint-Gobain, Sika reach deal to end bitter fight: FT

ZURICH French building materials company Saint-Gobain is set to take a large stake in Switzerland's Sika AG while abandoning its quest for control, the Financial Times reported on Thursday, in a deal that would end a nearly four-year-old hostile takeover.

Saint-Gobain, Sika reach deal to end bitter fight -FT

ZURICH, May 11 French building materials company Saint-Gobain is set to take a large stake in Switzerland's Sika AG while abandoning its quest for control, the Financial Times reported on Thursday, in a deal that would end a nearly four-year-old hostile takeover.

Sika chairman calls on founder family to abandon stake sale

ZURICH, April 17 Sika chairman Paul Haelg has called on the Swiss chemical company's founding family to end a bitter takeover battle by abandoning its 2.75 billion Swiss franc ($2.9 billion) deal to sell its shares to France's Saint-Gobain.

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