Date: 6 October 2015
Management and most of the Sika board are already locked in a court battle with the wealthy Burkard-Schenker family, who control the company through a more powerful class of shares than retail investors own.Read more at: www.reuters.com/article/2015/10/02/sika-cie-saint-gobain-idUSFWN12201G20151002Oct 2 Swiss chemicals company Sika said on Friday that its controlling shareholder, at loggerheads with management over a disputed takeover by France's Saint-Gobain, had filed a legal challenge seeking the removal of several board members.
Management and most of the Sika board are already locked in a court battle with the wealthy Burkard-Schenker family, who control the company through a more powerful class of shares than retail investors own.
Read more at: www.reuters.com/article/2015/10/02/sika-cie-saint-gobain-idUSFWN12201G20151002
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