Sika EGM approves creation of unitary shares

On June 11, 2018 the Extraordinary General Meeting of Sika AG overwhelmingly approved, among others, the creation of unitary registered shares, the abolishment of the opting-out and transfer restrictions as well as the cancellation of the treasury shares previously purchased from Schenker-Winkler Holding AG as part of the settlement with Saint-Gobain.

Niederer Kraft Frey has been advising the Bill & Melinda Gates Foundation Trust, in its support for board and management of Sika AG in its defense since the announcement of the unsolicited takeover attempt by Saint-Gobain. In this context Niederer Kraft Frey also handled the proceedings before the Takeover Board as well as the litigation proceedings before the ordinary and appeal courts of the canton of Zug.

The NKF team was led by the Corporate/M&A partners Philipp Haas and Andreas Casutt working with Corporate/M&A partners Ulysses von Salis and Bertrand Schott, Litigation partners Valerie Meyer Bahar and Ernst Schmid, Corporate/M&A associates Deirdre Ní Annracháin and Julia Tolstova and Litigation associates Lukas Beeler, Daniel Antognini, Brigitte Knecht and Livia Keller.