Sika is a chemical company for building and motor vehicle supplies, headquartered in Switzerland. It is to acquire French chemical company Parex (valuation of about 2.5 billion CHF)
- Parex being acquired from private equity firm CVC Capital Partners
News via NASDA website here
Something to be aware of is that by the time news like this hits the forex flows (if any) have been pretty much completed and/or hedges are in place already.
