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...However, it led to fierce protests from other shareholders, including the Bill & Melinda Gates Foundation, which accused Saint-Gobain of flouting corporate governance standards....
...ralph.atkins@ft.com...
...Additional reporting by Ralph Atkins in Zurich Digital evolution of company that saved a PM Saint-Gobain prides itself on its embrace of modern technology despite its 350 years of history....
...The ruling cheered other shareholders in Sika — including the Bill & Melinda Gates Foundation Trust — which opposed the takeover and were excluded from Saint-Gobain’s offer....
...Conflict first erupted in December 2014 when Saint-Gobain offered to pay SFr2.75bn for the family holding, without making an offer to other shareholders, who include the Bill & Melinda Foundation Trust....
...Other large Sika shareholders include the Bill & Melinda Gates Foundation Trust and Cascade Investment....
...The family controlling Sika has claimed a legal victory over the Bill and Melinda Gates Foundation and Cascade Investment, which challenged plans to sell the Swiss chemicals company to France’s Saint-Gobain...
...The Bill & Melinda Gates Foundation Trust, and Cascade Investment, which own more than 5 per cent of Sika’s share capital, argued the transaction was “an affront to good corporate governance”....
...Those include Serco, Bechtel, KBR and Atkins....
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