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Compagnie Generale des Etablissements Michelin SCA (MICP.PA)

MICP.PA on Paris Stock Exchange

120.60EUR
15 Dec 2017
Change (% chg)

€-0.20 (-0.17%)
Prev Close
€120.80
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€120.05
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€120.80
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€118.60
Volume
977,766
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€128.40
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€98.93

Latest Key Developments (Source: Significant Developments)

Michelin says selling stake in Double Coin (Anhui) Warrior Tire
Monday, 20 Nov 2017 07:13am EST 

Nov 20 (Reuters) - Compagnie Generale Des Etablissements Michelin Sca :Michelin says remains optimistic on long-term China growth and also says it is selling a stake it has in double coin warrior tire co. Ltd.Michelin has 40 percent of shares, says Qu'Huayi Group to buy 30 percent stake from it and other 10 percent to be taken by Double Coin.  Full Article

Michelin North America files suit against Tire Mart for alleged infringement of a design patent​‍​
Tuesday, 26 Sep 2017 02:08pm EDT 

Sept 26 (Reuters) - Michelin North America Inc::Says filed suit against Tire Mart Inc, alleging company has infringed a design patent covering BFGoodrich Mud-Terrain T/A KM2​‍​.  Full Article

‍Michelin North America- filed a lawsuit against Tire Recappers of Nashville
Tuesday, 11 Jul 2017 07:54am EDT 

July 11 (Reuters) - Compagnie Generale Des Etablissements Michelin Sca :‍Michelin North America- filed a lawsuit against Tire Recappers of Nashville.Michelin North America says suit alleges that two tire models - Cross Grip M/T and All Position Highway 2 - infringe Michelin's U.S. Patent.‍Michelin North America- lawsuit alleging Tire Recappers​ has infringed design patents covering BFGoodrich Mud-Terrain T/A KM2 & Michelin LTX M/S2 Tires.  Full Article

Michelin buys 40 pct stake in Robert Parker wine guide company
Wednesday, 5 Jul 2017 02:35am EDT 

July 5 (Reuters) - Michelin ::* Acquisition of a 40% stake in Robert Parker Wine Advocate and RobertParker.com, an independent consumers' guide to fine wine..* With this equity investment, Michelin is strengthening and broadening its experience in the area of gourmet dining, French company adds in statement.  Full Article

Michelin unveils global reorganization project
Thursday, 22 Jun 2017 08:20am EDT 

June 22 (Reuters) - Michelin statement::Michelin group presents its global reorganization project to better serve its customer.Says reorganisation to impact jobs mostly in U.S., France.In U.S. the number of jobs would be reduced by approximately 450 in central functions between 2018 and 2021..By 2021, 5,000 employees would leave the group in France, the majority due to retirement, and around 2,000 of these would be in Clermont-Ferrand..To finance this project, Michelin group would record a provision in non-recurring charges in company's consolidated accounts at december 31, 2017..  Full Article

Siph says Michelin initiates simplified public offer
Wednesday, 21 Jun 2017 02:30am EDT 

June 21 (Reuters) - SIPH SA :ANNOUNCES SIMPLIFIED PUBLIC OFFER INITIATED BY LA COMPAGNIE FINANCIÈRE MICHELIN SCMA‍​‍​.OFFER PRICE OF SIMPLIFIED TENDER OFFER AT EUR 85 PER 1 SIPH SHARE.  Full Article

Michelin to acquire Nextraq, a telematics provider, from Fleetcor
Wednesday, 14 Jun 2017 02:28am EDT 

June 14 (Reuters) - Michelin /Fleetcor ::* Michelin announced that it has agreed to acquire FleetCor's business NexTraq, a U.S. provider of commercial fleet telematics, in an all-cash transaction.* NexTraq has 117 employees, approximately 7,000 fleet customers and 116,000 individual subscribers.* "NexTraq represents a strategic acquisition that accelerates our growth in telematics with synergies that increase our scale, expand our geographic footprint and strengthen overall competitiveness in fleet management technology and services in the United States," said Ralph Dimenna, chief operating officer for Michelin Americas Truck Tires, in a statement.  Full Article

Michelin files offer to acquire SIPH
Tuesday, 6 Jun 2017 11:15am EDT 

June 6 (Reuters) - MICHELIN ::MICHELIN FILED A FRIENDLY DRAFT SIMPLIFIED CASH PUBLIC TENDER OFFER ON JUNE 6, 2017 TO ACQUIRE THE OUTSTANDING SHARES OF SIPH AT A PRICE OF €85 PER SHARE.  Full Article

BRIEF-Michelin says raising European replacement tires prices
Friday, 3 Feb 2017 03:47am EST 

official correction from Michelin. Changes timing of price hike to end-April.April) Feb 3 (Reuters) - Michelin statement says: Raising the price of its tires in the European replacement market by as much as 8 percent for the Passenger Car & Light Truck, Truck, Earthmover, Agricultural and Two-Wheel segments . Hike will take effect by the end-April. .Says raising its tire prices in order to pass on the increase in raw material costs..  Full Article

Michelin launches $400 mln non-dilutive cash-settled convertible bond issue
Thursday, 5 Jan 2017 01:55am EST 

Michelin : Launches an offering of non-dilutive cash-settled convertible bonds due 2022 for $400 million . May be increased up to $500 million if the increase option is exercised in full. . Michelin intends to use the net proceeds of the issuance of the bonds for general corporate purposes . Bonds will have a nominal value of $200,000 per Bond and will not bear interest . Bonds will be issued at an issue price of 98% to 100% of their nominal value, corresponding to an annual gross yield to maturity of 0% to 0.40%, on January 10, 2017, the expected settlement date of the Bonds . Bonds will be redeemed at par on January 10, 2022 .Initial conversion price (the "Initial Conversion Price") will represent an issue premium of 23% to 28% over a Michelin Share Reference Price.  Full Article