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Access here alternative investment news about Sika's Deal With France's Saint-gobain May Make It A Bid Target | Reuters
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Sika's Deal With France's Saint-gobain May Make It A Bid Target | Reuters

by reuters.com posted 2weeks ago 15 views
* Saint-Gobain shares also climb (Adds further comments and detail): PARIS/ZURICH (Reuters) - Swiss adhesives maker Sika (SIK.S) has repelled a hostile takeover bid from Saint-Gobain (SGOB.PA) in a $3.2 billion deal that gives the French company a minority stake but may make Sika a more attractive target for others. Under the transaction announced on Friday, Saint-Gobain dropped its plan to wrest control of Sika via a minority stake that carried extra voting rights. Instead, Saint-Gobain gets a 10.75 percent holding.

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