UK Markets open in 3 hrs 8 mins

Sika, Saint-Gobain Sign Deal to End Bitter Takeover Battle

Jan Dahinten, Andrew Marc Noel
Sika, Saint-Gobain Sign Deal to End Bitter Takeover Battle

Cie. de Saint Gobain SA, Swiss adhesives maker Sika AG and its founding family unveiled a complex accord Friday to end a protracted Swiss legal dispute. Under the terms, the heirs behind Sika sold their entire 17 percent stake for 3.22 billion francs ($3.21 billion) to Saint Gobain, which will give