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Sika AG (SIK.S)

SIK.S on Virt-X Level 1

8,080.00CHF
18 May 2018
Change (% chg)

CHF-60.00 (-0.74%)
Prev Close
CHF8,140.00
Open
CHF8,140.00
Day's High
CHF8,155.00
Day's Low
CHF8,040.00
Volume
9,103
Avg. Vol
7,506
52-wk High
CHF8,405.00
52-wk Low
CHF6,040.00

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Tue, May 15 2018

Sika to issue 1.5 bln Sfr in bonds to buy own shares from Saint-Gobain

ZURICH, May 15 Sika said it is selling a 1.5 billion Swiss franc ($1.50 billion) convertible bond, with the proceeds going towards buying its own shares back from Saint-Gobain.

Sika's deal with France's Saint-Gobain may make it a bid target

PARIS/ZURICH Swiss adhesives maker Sika has repelled a hostile takeover bid from Saint-Gobain in a $3.2 billion deal that gives the French company a minority stake but may make Sika a more attractive target for others.

Sika's deal with France's Saint-Gobain may make it a bid target

PARIS/ZURICH Swiss adhesives maker Sika has repelled a hostile takeover bid from Saint-Gobain in a $3.2 billion (2.4 billion pound) deal that gives the French company a minority stake but may make Sika a more attractive target for others.

UPDATE 3-Sika's deal with France's Saint-Gobain may make it a bid target

* Saint-Gobain shares also climb (Adds further comments and detail)

BRIEF-Sika chairman acknowledges company might become takeover target

* CHAIRMAN PAUL HAELG SAYS DEAL WITH SAINT-GOBAIN WILL HELP ACCELERATE SIKA GROWTH STRATEGY

BRIEF-Sika Investor Columbia Threadneedle Investments Says Deal Allows Sika’S Corporate Governance And Capital Structure To Be Brought Into Line With Best Practice

* INVESTOR THREADNEEDLE INVESTMENTS SAYS WELCOMES TODAY’S ANNOUNCEMENT ON SIKA AG, SAYS IT IS A "SENSIBLE AND FAIR SOLUTION AND WE FULLY SUPPORT IT"

Saint-Gobain to take stake in Sika as construction groups end dispute

PARIS, May 11 French building materials company Saint-Gobain and Swiss peer Sika said on Friday they had reached an agreement to end a long-standing legal dispute, which will result in Saint-Gobain acquiring a large stake in Sika.

BRIEF-Saint-Gobain And Sika AG Reach Agreement, French Company Plans To Take Large Stake In Swiss Adhesives Maker But Not Majority Control -- Sources

* AND SIKA AG REACH AGREEMENT, FRENCH COMPANY PLANS TO TAKE LARGE STAKE IN SWISS ADHESIVES MAKER BUT NOT MAJORITY CONTROL -- SOURCES Source text for Eikon: Further company coverage: (Reporting By Zurich newsroom)

Saint-Gobain, Sika reach deal to end bitter fight: FT

ZURICH French building materials company Saint-Gobain is set to take a large stake in Switzerland's Sika AG while abandoning its quest for control, the Financial Times reported on Thursday, in a deal that would end a nearly four-year-old hostile takeover.

Saint-Gobain, Sika reach deal to end bitter fight -FT

ZURICH, May 11 French building materials company Saint-Gobain is set to take a large stake in Switzerland's Sika AG while abandoning its quest for control, the Financial Times reported on Thursday, in a deal that would end a nearly four-year-old hostile takeover.

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