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Sika's family owner seeks to overturn AGM decisions about takeover

2015-04-26 21:17:02| Chemicals - Topix.net

The Swiss family that controls chemicals business Sika said it is seeking to overturn several decisions made at a recent investor meeting over a 2.75 billion Swiss franc takeover by French rival Saint-Gobain. The Burkard-Schenker family decided in December to sell its stake, but faces a protracted legal and regulatory battle with Sika's management and much of its board, which are seeking to block the deal.

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