Compagnie De Saint-gobain Share Discussion Threads

[davidcod] 15/1/2015 09:39

KIBO looks a blinder. Bouncing from two major support levels. Next resistance is 9p.

[grupo guitarlumber] 03/1/2015 18:28

Prochains événements 25 fév 2015 | Résultats 2014
Après Bourse

[waldron] 23/12/2014 20:37

By Marta Falconi
ZURICH--A group of Sika AG (SIK.VX) shareholders has asked for a change to the Swiss company's articles of incorporation to make it more difficult for French materials conglomerate Saint-Gobain SA (SGO.FR) to buy the chemical maker.
On Tuesday, the Ethos Foundation and 11 shareholders who hold shares representing 1.7% of Zurich-based Sika's capital, said they have submitted a resolution requesting the company drop an "opting out" clause at an expected extraordinary shareholder meeting.
The clause allows an investor who purchases shares representing more than a third of the company's voting rights to be exempted from the obligation to make an offer for the rest of the shares.
"This is very detrimental to minority shareholders and endangers one of the flagships of Swiss industry," Ethos said in a statement.
The call for the vote comes two weeks after Sika became embroiled in a takeover tussle following an agreement between Saint-Gobain and members of the Burkard family, descendants of the company's founder. Saint-Gobain agreed to pay 2.75 billion Swiss francs ($2.8 billion) in cash for Schenker-Winkler Holding AG, a family company that holds 16% of Sika's capital but represents 52% of its voting rights.
In a statement, Sika said its board "will examine the request and proposal and will comment in due course." Saint-Gobain said the action "has no legal basis."
Sika, with annual sales of more than CHF5.14 billion, supplies a range of additives for concrete and cement. It also makes waterproofing products for the building sector and noise-damping products for automobile makers.
In late afternoon trading, Sika shares were 2.07% higher at CHF2,964.
Write to Marta Falconi at [e-mail]
Subscribe to WSJ:

[waldron] 10/12/2014 09:12

By Neil MacLucas ZURICH--The founding family of Swiss construction chemicals maker Sika AG has called for an extraordinary general meeting to remove senior executives who object to its proposed sale of the company to French building-materials group Compagnie de Saint-Gobain SA.
Zurich-based Sika said that Schenker-Winkler Holding AG, a holding company owned by members of the Burkard family, wants to remove Sika Chairman Paul Hälg, as well as board members Monika Ribar and Daniel Sauter. Schenker-Winkler owns 16.1% of Sika's share capital but controls 52.4% of the company's voting rights.
Schenker-Winkler has proposed replacing Mr. Hälg with Max Roesle and appointing Chris Tanner as an additional board member, Sika said. The board will consider the request, Sika said.
Schenker-Winkler wasn't immediately available for comment.
The call for a shareholder meeting is the latest development in a takeover battle that erupted on Monday, when Saint-Gobain said it had agreed to pay 2.75 billion Swiss francs ($2.8 billion) in cash for the family's stake, part of the French group's attempt to kick-start earnings growth. The deal prompted a fierce response from Sika's management, which said it hadn't been consulted on the sale.
Sika's board said it didn't see the logic of the sale and warned "shareholder value would be impaired."
The shares fell 22% on Monday after news of the proposed transaction and a further 3.7% on Tuesday, leaving them 7.9% lower this year.
Sika, with annual sales of more than 5.14 billion Swiss francs, supplies a range of additives for concrete and cement. It also makes waterproofing products for the building sector and noise-damping products for automobile makers.
Write to Neil MacLucas at [e-mail]

[waldron] 08/12/2014 21:39

Prochains événements 25 fév 2015 | Résultats 2014
Après Bourse
28 avr 2015 | Chiffre d’affaires du 1er trimestre 2015
Après Bourse
04 juin 2015 |
15:00
(Europe/Paris) Assemblée Générale
Assemblée Générale
29 juil 2015 | Résultats du 1er semestre 2015
Après Bourse
28 oct 2015 | Chiffre d’affaires des neuf mois 2015
Après Bourse

[grupo guitarlumber] 08/12/2014 12:37

By Inti Landauro PARIS-- Saint-Gobain SA has agreed to buy a controlling stake in Switzerland's Sika for 2.75 billion Swiss francs ($2.8 billion) in cash as part of moves by the French building-materials group to try to kick-start earnings growth.
But the move has received a frosty response from Sika's management.
Saint-Gobain said Monday said it would take control of the Swiss chemicals supplier by buying out its major shareholder, the family-owned Schenker Winkler Holding AG, without making a full takeover bid.
"The [Sika] board and the group management believe that shareholder value would be impaired [after Saint-Gobain's move] as Sika in the planned setup wouldn't be able to continue its successful growth strategy," Sika said in a statement.
The Burkard family is letting down the public shareholders, which own almost 84% of Sika, while there are few merger benefits for Sika's shareholders, the company said. The family's Schenker Winkler holding company owns a 16.1% stake and 52.4% of the voting rights in Sika.
Saint-Gobain said keeping Sika independent from the rest of Saint-Gobain would be good for both companies.
"It is going to be a win-win for Sika," said Chief Executive Pierre-André de Chalendar, highlighting the synergies the deal would bring both companies.
Saint-Gobain said cost savings and revenue gains would amount to EUR100 million ($123 million) in the first year after the deal closes, and as much as EUR180 million by the fourth year.
Sika, with yearly sales of more than 5.14 billion Swiss francs, is a chemicals group that supplies of a range of additives for concrete and cement as well as waterproofing products for the building sector and noise-damping products for the auto sector.
Founded in 1910, one of Sika's first major commissions came in 1917, with the waterproofing of the Gotthard railway tunnel, one of the key transport links between northern and southern Europe. A recent project involved the refurbishment and waterproofing of the Sydney Harbour Bridge.
The transaction will be completed in the second half of 2015, after securing the approval of regulators. Saint-Gobain plans to immediately include Sika's figures in its accounts.
The company, one of France's oldest indusrial enterprises, also said it plans to sell the remaining part of Veralia, its bottle and jar manufacturing unit, up for sale. Saint-Gobain last year sold Veralia's businesses in North America
Neil MacLucas in Zurich contributed to this article.
Write to Inti Landauro at [e-mail]

[waldron] 08/12/2014 11:12

Compagnie de Saint-Gobain Acquisition
PrintAlert
TIDMCOD
RNS Number : 0776Z
Compagnie de Saint-Gobain
08 December 2014
December 8, 2014
Saint-Gobain accelerates the roll-out of its strategy
and announces the plan to acquire a controlling interest in Sika
and to launch a competitive process for the sale of Verallia
The Group has embarked on a significant reorganization of its business portfolio:
Saint-Gobain announces the plan to acquire a controlling interest in Sika, world leader in construction chemicals. The transaction involves Saint-Gobain's purchase of Schenker Winkler Holding AG, owner of 16.1% of Sika's capital and 52.4% of its voting rights, for CHF 2.75 billion (EUR2.3 billion). Following the acquisition, the Saint-Gobain Group will be able to fully consolidate Sika in its accounts, leading to a positive impact on net income as from the first year. Saint-Gobain does not intend to launch an offer for Sika's remaining shares and has full confidence in the company to continue developing the business.
Sika employs more than 16,000 people in 84 countries and reported CHF 5,142 million in sales in 2013 (EUR4.3 billion). Over the past few years, the company has shown remarkable growth (more than 8% average annual growth between 2007 and 2013) and capacity for development in emerging countries (38% of its sales are made in emerging countries).
Sika is the world leader in construction chemicals and no. 2 worldwide for adhesives and sealants for its industrial applications. Its products and services draw on extensive technological expertise in waterproofing, soundproofing, sealing and bonding, and protecting and reinforcing structures.
Given the proximity of Sika's activities with those of Saint-Gobain (Construction Products and Innovative Materials as well as Building Distribution), the deal is expected to generate EUR100 million in synergies as from the second year (2017), and EUR180 million per year as from 2019. The deal will create value by the fourth year.
The transaction is subject to clearance from the competent anti-trust authorities and is expected to be finalized in the second half of 2015 at the latest.
Saint-Gobain also plans to launch a competitive process for the sale of Verallia. Verallia is a world leader in glass packaging, employs around 10,000 people and has industrial plants in 13 countries. In 2013, Verallia reported sales of EUR2.435 billion (excluding Verallia North America).
This announcement is the next logical step after the divestment of the North American business that was finalized in April 2014. A formal bidding process will be launched based on second-half earnings - which will represent a clear improvement on the first half - with the aim of reaching an agreement with a buyer before summer 2015, once the relevant works councils have been consulted.
Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, said:
"The two transactions - the plan for which we are announcing today - will accelerate the Group's strategic refocus on the design, production and distribution of innovative, high-performance solutions for habitat and industry.
The transactions meet the objectives we announced in November 2013 to raise the growth potential and reduce the capital intensity of our businesses, increase our presence in emerging countries and in the US, and expand our range of differentiated products supported by strong brands.
We are looking forward to working with Sika to enhance the growth potential of this excellent business."
About Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building and high-performance materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of EUR42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com or download the new "Saint-Gobain Shareholder" application for tablets and smartphones.


Analyst/Investor Relations Press Relations
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+33 1 47 62
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+33 1 47 62 +33 1 47 62
Gaetano Terrasini 44 29 30 48
Vivien Dardel +33 1 47 62 Sophie Chevallon +33 1 47 62
Marine Huet 30 93 Susanne Trabitzsch 43 25
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This information is provided by RNS
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[davidcod] 27/11/2014 09:27

JQW:

Broke out of the downtrend on Nov 20th. It will now attempt to find a rising trend, so a new channel. MACD looking to go positive and RSI a mere 50.

First target 38p (50MA) then 52p.

[davidcod] 09/11/2014 18:55

BOX looking for a move up.. keep 'em peeled:

[davidcod] 31/10/2014 11:28

Those of you that like Golden Cross technicals..

PREM - toying with the idea of 10 SMA crossing the 200 SMA..

[davidcod] 05/10/2014 09:54

JLP well worth keeping an eye on as looks back in play:

1. Increasing volume for past two trading sessions
2. MACD turning up
3. Golden cross (10SMA/50SMA)
4. Rumours that favourable Tjate news imminent

[vivgav] 30/9/2014 23:18

Codders

REM bounced off support today but tonight big RNS out by BCN in Canada....should see 7am here.

Chart update please.

[davidcod] 30/9/2014 22:59

lol LM, just seen your message.

[liquid millionaire] 29/9/2014 10:05

KOD



Liquid Millionaire 29 Sep'14 - 08:25 - 447021 of 447147

KOD



KOD are absolutely flying now....perhaps KOD are one for you davidcod?

[davidcod] 25/9/2014 21:46

JLP - keep 'em peeled. Indicators wanting to turn up. Pants volume. Sideways consolidation. Worth watching.

[nash81] 24/9/2014 10:05

hi

saw your chart. can you do chart for ROSE please??

[davidcod] 23/9/2014 18:46

BHR has the "dog" look about it.. However, it has bounced from May 22 support, both today and back on 15 Sept. RSI (33.931) almost in oversold territory. Needs a 100m volume day to test Horizontal resistance @ 0.21p. Interesting one to watch closely.

[davidcod] 23/9/2014 18:36

VAL on a breakout from horizontal resistance @ 0.484p. Significant move up from the moving average. Couple more notches up and this could get quite explosive. Another 82m volume day tomorrow could be the key to confirm the breakout.

[davidcod] 22/9/2014 21:46

Evening LM. AEX in a league of their own! LGO a break above 5p and whooooosh.

[liquid millionaire] 22/9/2014 20:52

Good evening davidcod just found your excellent chart thread per chance. Both AEX and LGO looking very good imo chart wise.

[vivgav] 22/9/2014 20:47

& INSP?

[davidcod] 22/9/2014 20:45

REM on the verge of a rising channel breakout. MACD looking to turn positive. RSI only 56. Needs a 200m+ volume day then it will break into the channel with a ceiling at 2p.

Thanks for bringing to my attention, looks a beaut.