Schindler still considering rules change to avert Sika "disaster"
15/01/2016 09:27
ZURICH, Jan 15 (Reuters) - Schindler SCHN.S Chairman
Alfred N. Schindler said Friday he is still considering internal
rules changes to protect minority shareholders from a "disaster"
akin to the fight plaguing Sika Holding AG SIK.VX amid a
proposed takeover by France's Saint Gobain. SGOB.PA
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In a call with reporters and analysts, Schindler said he
still favors a bylaws update to require mandatory offers from
those holding at least half of Schindler's share capital.
His proposal for such an "opting-in" clause last year was
rejected by Swiss takeover regulators, a move that Schindler
said leaves him "still stunned that we were shot down midair."
(Reporting by John Miller)
((J.Miller@thomsonreuters.com; +41 58 306 7734; Reuters
Messaging: j.miller.thomsonreuters.com@reuters.net))
Keywords: SCHINDLER RULES