BAAR, Switzerland, April 11 Sika
Chairman Paul Haelg said on Wednesday he expects the hostile
takeover attempt of his company by French construction materials
giant Saint-Gobain to be resolved by 2018.
Haelg said he was ready to speak with Sika's founding family
any time about a counter offer for their controlling stake,
which they want to sell to Saint-Gobain for 2.75 billion Swiss
francs ($2.73 billion).
"We have much more freedom to do an attractive offer based
on the current share price, we are ready any time if the family
wants to talk," Haelg told Reuters after the Sika annual general
"Their current position is we cannot talk and we don't want
to talk because we have a contract (with Saint-Gobain). I still
think developing a plan B would not be an issue with the
contract," Haelg said. "We are ready to go to 2018 if needed."
($1 = 1.0075 Swiss francs)
(Reporting by John Revill)