"Yesterday evening, the Swiss Takeover Board decided that the opting-out of Sika AG pursuant to article 5 of the articles of incorporation is valid as such," according to a statement released by Sika AG. "The Takeover Board has explicitly not decided the question, whether in view of the proposed transaction, the use of the opting-out by Saint-Gobain is abusive as has been put forward by Sika. According to the Takeover Board, this question will only have to be decided if indeed Saint-Gobain were to acquire more than 33 1/3 percent of the votes in Sika and then invoked the opting-out."