Tag Archives: Paul Hälg

SIKA Announces Changes to the Board of Directors and Group Management

Earlier this month, Sika announced planned changes to the board of directors and the group management. The company says the decisions have been made ahead of the presentation of the new growth strategy at the Capital Markets Day on October … Continue reading

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SIKA AG Chairman: Saint-Gobain Takeover Would Destroy Company’s Value

In a letter to Saint-Gobain shareholders, Swiss specialty company SIKA AG chairman Paul Hälg denounced the “value of the [Saint-Gobain] takeover attempt,” writing it could take years for the issues to be worked out in the court system. In response, Saint-Gobain management released a statement saying that “all antitrust authorities have given pre-closing clearance” and the company is “determined to pursue this value-creating transaction for both groups.” Continue reading

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Swiss Administrative Court: Saint-Gobain Is Not Obligated to Extend Offer to All Shareholders

The Swiss Federal Administrative Court (FAC) had upheld Swiss specialty chemical company SIKA AG’s opt-out clause, rejecting a complaint filed over the clause by the Bill and Melinda Gates Foundation Trust and Cascade Investment. The court drama began after French conglomerate Saint-Gobain’s plan to gain a controlling interest in SIKA by acquiring Schenker-Winkler Holding (SWH) was revealed late last year. Continue reading

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Sika’s Annual General Meeting Turns into 7-Hour Long Debate

Swiss specialty chemical company Sika AG’s seven-hour long annual general meeting of shareholders is one for the record books. The Swiss company’s management and several board members are in a standoff with Burkard family-owned Schenker-Winkler Holding (SWH) over the potential sale of SWH to Saint-Gobain, which would give the French conglomerate majority voting rights in Sika. Several key topics regarding this deal were voted on during the meeting. Continue reading

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