Sika buyout solution without Saint-Gobain is no-go for SWH (translated)
Schenker-Winkler (SWH), the holding company of the Sika shareholder Burkard-Schenker family, is not interested in any solution that does not involve French suitor Saint-Gobain, Tagesanzeiger reported.
SWH spokesperson Andreas Durisch said any solution that does not involve Saint-Gobain is a no-go, the Swiss daily noted.
Swiss chemicals group Sika's Chaiman, Paul Haelg had prepared an alternative to the Saint-Gobain offer which would see Sika buy the family's stake. The Burkard family is not yet prepared to discuss the offer, the article noted.
A separate Tagesanzeiger report said Sika had offered the Burkard family CHF 2.25bn.
Source Tagesanzeiger