Compagnie de Saint Gobain SA (SGOB.PA)
22 Jun 2018
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.
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.
* Saint-Gobain shares also climb (Adds further comments and detail)
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)
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.
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.
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.
April 16 Swiss construction chemicals group Sika reported first-quarter sales slightly above expectations on Tuesday as it awaits court verdict on its bitter takeover battle with France's Saint-Gobain.
PARIS French glass-maker Saint-Gobain expects a resolution of its long-standing takeover battle for Switzerland's Sika by the end of the year, its chief executive said on Wednesday.