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Sika offers to buy founders' controlling stake

2015-04-19 19:22:28| Chemicals - Topix.net

Swiss chemicals company Sika AG has offered 2.25 billion Swiss francs to buy its founding family's controlling stake, Swiss media reported Sunday, a move designed to scupper a hostile takeover by France's Saint-Gobain SA. The management of Baar-based Sika has made the offer to encourage the Burkard family to cancel their agreement to sell their holding to Saint-Gobain for 2.75 billion francs.

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