Saint-Gobain Suffers Setback in Bid for Control of Swiss Chemical Maker

Date: 28 January 2015

The French conglomerate Saint-Gobain suffered a setback on Monday in its bid to take control of Sika, the Swiss specialty chemical maker. In December, Saint-Gobain agreed to buy a controlling stake held by the Burkhard family in Sika for 2.75 billion Swiss francs, or about $3.1 billion.

But Sika’s board of directors and its management have publicly opposed the deal.

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2015-01-28T12:00:00

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