Swiss Takeover Board confirms application of opting-out clause

Date: 3 April 2015

Today the Swiss Takeover Board issued a decision in the proceeding initiated by Bill and Melinda Gates Foundation Trust as well Cascade Investment with their request of March 5, 2015.

The decision confirms that the opting out clause according to art. 5 of the articles of association of Sika AG applies to the proposed acquistion of Schenker-Winkler Holding AG and that Saint-Gobain and persons acting in concert with Saint-Gobain are not obligated to submit a public offer to the shareholders of Sika AG.Today the Swiss Takeover Board issued a decision in the proceeding initiated by Bill and Melinda Gates Foundation Trust as well Cascade Investment with their request of March 5, 2015.  The decision confirms that the opting out clause according to art. 5 of the articles of association of Sika AG applies to the proposed acquistion of Schenker-Winkler Holding AG and that Saint-Gobain and persons acting in concert with Saint-Gobain are not obligated to submit a public offer to the shareholders of Sika AG.

600450 Swiss Takeover Board confirms application of opting-out clause glassonweb.com

Others also read

Viprotron North America is excited to welcome Kingston Eck as its new President, bringing extensive industry experience and leadership to drive the company’s continued growth and innovation.
Sparklike is pleased to announce that Trend Trade & Trans Trade Intl Co., Ltd. has been appointed as its new official distributor in South Korea.
The Fenestration and Glazing Industry Alliance (FGIA) has named three new Honorary Members of the Association.
Guardian Glass has published new Environmental Product Declarations (EPDs) for its portfolio of processed and unprocessed flat glass produced in Thailand.
GPD 2025 is just around the corner, and tickets are officially on sale!
Precision Glass Industries (PGI) is proud to announce the opening of its second location, a cutting-edge 135,000-square-foot fabrication campus in Conroe, Texas.

Add new comment

From industry

Ottergemsesteenweg 707-Zuid
9000 Ghent
Belgium

2200 W. Salzburg Rd.
Auburn , MI 48611
United States