A Shabby Deal, a Bitter Fight, and a Welcome Ending
Everyone comes away with something from the tussle for Swiss adhesives maker Sika AG. In December 2014, the Burkard family agreed to sell a 16 percent stake in Sika to French customer Cie. de Saint-Gobain SA. The Sika board and other shareholders were furious. Worse, the transaction was hatched in secret, even though the Burkards sit on Sika's board.