Saint-Gobain Remains Open for Talks With Sika Board, CEO Says
2015-05-10 12:46:34.67 GMT
By Jan-Henrik Förster
(Bloomberg) -- Saint-Gobain is still open to discuss future
governance of Sika with co.’s board, CEO Pierre-Andre de
Chalendar says in letter to Sika investors, employees and other
stakeholders.
* Says he has no doubt on legality of transaction between
Burkard family and Saint Gobain
* Says the longer it takes to realize industrial logic of
deal, the longer it takes to create value for holders
* Repeats that no restructuring is planned due to purchase
* NOTE: Sika Board Signals Open for Talks to Ease Takeover
Deadlock
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To contact the reporter on this story:
Jan-Henrik Förster in Zurich at +41-44-224-4116 or
jforster20@bloomberg.net
To contact the editor responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net
2015-05-10 12:46:34.67 GMT
By Jan-Henrik Förster
(Bloomberg) -- Saint-Gobain is still open to discuss future
governance of Sika with co.’s board, CEO Pierre-Andre de
Chalendar says in letter to Sika investors, employees and other
stakeholders.
* Says he has no doubt on legality of transaction between
Burkard family and Saint Gobain
* Says the longer it takes to realize industrial logic of
deal, the longer it takes to create value for holders
* Repeats that no restructuring is planned due to purchase
* NOTE: Sika Board Signals Open for Talks to Ease Takeover
Deadlock
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jan-Henrik Förster in Zurich at +41-44-224-4116 or
jforster20@bloomberg.net
To contact the editor responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net