|Bid||0.00 x 2100|
|Ask||0.00 x 900|
|Day's range||8,445.00 - 8,680.00|
|52-week range||6,125.00 - 8,680.00|
|PE ratio (TTM)||33.88|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||111.00 (1.35%)|
|1y target est||9,194.87|
When Sika AG (VTX:SIKA) released its most recent earnings update (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More...
At today`s Extraordinary General Meeting of Sika AG the shareholders have approved by a large majority all proposals of the Board of Directors. The creation of unitary registered shares with a nominal value of CHF 0.01 each, the abolishment of the opting-out and the transfer restrictions as well as the cancellation of the Sika registered shares purchased from Schenker-Winkler Holding AG (representing 6.97% of the share capital) by way of a capital reduction in an amount of CHF 106,295.20 to CHF 1,417,811.60 were approved. Justin Howell was elected as a member of the Board of Directors and of the Nomination and Compensation Committee.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, ITALY OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. Following Sika AG`s (the "Issuer" or "Sika") successful offering (the "Offering") and provisional allocations of CHF 1,650 million senior convertible bonds (the "Bonds") due 2025 on May 15, 2018 and the expiration of the advance subscription rights period on May 28, 2018, the final allocations of the bonds have been made today and will be communicated to the institutional investors on May 29, 2018. As of May 28, 2018, 12:00 noon CET, 2,917,820 advance subscription rights, corresponding to 15,772 Bonds (19.12% of the total issue size of CHF 1,650 million), were exercised.
The Extraordinary General Meeting of Sika AG will be held on June 11, 2018, 3.00 p.m., at Waldmannhalle in Baar. The Board of Directors makes the following proposals to the Extraordinary General Meeting: ...
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, ITALY OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. Sika AG (the "Issuer" or "Sika") successfully completed the offering (the "Offering") of CHF 1,650 million senior convertible bonds (the "Bonds") due 2025, upsized from the original CHF 1,500 million issue size. Sika intends to use the net proceeds from the Offering mainly to refinance the recently announced acquisition of its own shares from Compagnie de Saint-Gobain and for general corporate purposes.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, ITALY OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION ...
Compagnie de Saint-Gobain and Sika AG on Friday struck an agreement to end their long-running legal dispute, bringing the French building-material company’s pursuit of a controlling stake in Swiss-based Sika to a close. Under the terms of the agreement Saint-Gobain said it paid 3.22 billion Swiss francs ($3.21 billion) to Sika’s founding Burkard family for its Schenker-Winkler Holding AG, which holds a roughly 17% stake in Sika but a majority of the voting rights. Saint-Gobain subsequently sold about 7% of the equity back to Sika for 2.08 billion Swiss francs and it will retain the remaining 10.8% stake for at least two years, while Sika will have preferential buying rights if Saint-Gobain chooses to sell the stake, the companies said.
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.
AG’s (SIK.EB) founding Burkard family have struck an agreement to end their long-running legal dispute with Sika’s management, according to statements from both companies published Friday. Under the terms of the agreement Saint-Gobain said it bought Schenker-Winkler Holding AG, the Burkard family holding company, for 3.22 billion Swiss francs ($3.21 billion) and subsequently sold a 7% stake in Sika to Sika for CHF2.08 billion. Saint-Gobain also said it will retain Schenker-Winkler’s remaining 10.8% stake in Sika for at least two years, while Sika will have preferential buying rights in the case Saint-Gobain decides to sell the stake.
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 up the special voting rights that were at the heart of the conflict with other Sika shareholders and management. Sika in turn bought an almost 7 percent holding from Saint Gobain, a French supplier of building materials.
Compagnie de Saint-Gobain (Saint-Gobain) acquired Schenker-Winkler Holding AG (SWH) from the Burkard family Saint-Gobain/SWH sold 6.97% stake in Sika AG (Sika) to Sika for a total consideration of CHF ...
Following a detailed analysis and applying the restriction of transferability pursuant to article 4 of the articles of association, the Board of Directors of Sika decided to restrict the voting rights ...
Sales growth of 11.0% in local currencies to CHF 1,554.0 million (+11.9% in CHF) Growth in all regions Organization geared to growth and enhanced efficiency with the new Americas and Global Business regions ...
Sika is continuing to expand its production capacity in West Africa with the opening of a concrete admixture factory in Senegal. The new plant is the first in the country and will be further expanded with ...
Sika is pushing ahead with the significant expansion of its plant in Bac Ninh in northern Vietnam, underscoring its commitment to dynamic growth in the country`s booming construction market. A state-of-the-art ...
April 17, 2018 confirmed as date of the Annual General Meeting All current members of the Board of Directors are standing for re-election Board of Directors rejects proposals by Schenker-Winkler Holding ...