Pestalozzi advises Sumida Corporation in connection with its unfriendly public offer attempt for Saia-Burgess Electronics Holding AG
In 2005, after building a stake in Saia-Burgess, Sumida submitted an unsolicited public offer for Saia-Burgess. When a competing bid was launched by Johnson Electric, Hong Kong, as white knight, Sumida tendered its shares into the Johnson Electric bid. Pestalozzi advised Sumida on all Swiss law aspects.