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Tag Archives: Cascade Investment LLC
Cascade Investment LLC and the Bill & Melinda Gates Foundation Trust have filed a director’s liability lawsuit against Urs F. Burkard, board member of SIKA AG, alleging breach of director’s duties. The Swiss specialty chemical company, its current management and some investors, such as Cascade and the Bill & Melinda Gates Foundation, are attempting to stave off a bid by French conglomerate Saint-Gobain to gain a controlling interest in SIKA by acquiring Schenker-Winkler Holding (SWH).
The management of Swiss specialty chemical company Sika AG continues to push back against French conglomerate Saint-Gobain’s move to seek controlling interest in the company. Several investors are supporting management’s position, including the Bill & Melinda Gates Foundation Trust, Cascade Investment LLC, Fidelity Worldwide Investment, Threadneedle Investments and the Ethos Foundation. Meanwhile, representatives of Saint-Gobain asked Sika officials to meet in Zurich today in an attempt to clear the way for the deal to go forward.