COURBEVOIE (dpa-AFX) - Saint-Gobain (CODGF.PK) took note of the decisions taken today at Sika's Annual General Meeting following the restriction of the voting rights of Schenker-Winkler Holding or SWH, decided by Sika's Management Board in violation of SWH's rights.
In anticipation of these decisions, the Group had extended the term of the contract signed with the Burkard family until June 2016.
The resolution regarding the deletion of the opt-out clause, whose validity has been confirmed twice by the TOB (Swiss Takeover Board) in recent weeks, was not adopted.
Saint-Gobain reiterated its determination to complete the transaction and has full confidence that the Swiss courts shall allow SWH to regain their rights according to the law.
Copyright RTT News/dpa-AFX