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Compagnie Generale des Etablissements Michelin SCA (MICP.PA)

MICP.PA on Paris Stock Exchange

87.74EUR
19 Oct 2018
Change (% chg)

€-11.16 (-11.28%)
Prev Close
€98.90
Open
€94.00
Day's High
€94.50
Day's Low
€87.62
Volume
2,947,192
Avg. Vol
680,810
52-wk High
€130.85
52-wk Low
€87.62

Latest Key Developments (Source: Significant Developments)

Michelin Contemplates A Euro Three-Tranches Bond Offering
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Compagnie Generale des Etablissements Michelin SCA ::REG-MICHELIN : MICHELIN CONTEMPLATES A EURO THREE-TRANCHES BOND OFFERING.INTENTION OF LAUNCHING A EURO THREE-TRANCHE BOND OFFERING, WITH 7-YEAR, 12-YEAR AND 20-YEAR MATURITIES RESPECTIVELY..NET PROCEEDS FROM ISSUANCE OF BONDS WILL BE USED FOR GENERAL CORPORATE PURPOSES..  Full Article

Michelin in talks over buying Quebec-based company Camso
Thursday, 12 Jul 2018 

PARIS, July 12 (Reuters) - Michelin ::* In talks over buying Quebec-based firm Camso.  Full Article

Fenner Updates On Court Sanction Of Scheme Of Arrangement
Friday, 25 May 2018 

May 25 (Reuters) - Fenner Plc ::COURT SANCTION OF SCHEME OF ARRANGEMENT.UPDATES ON RECOMMENDED CASH ACQUISITION OF FENNER PLC BY COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN SCA.  Full Article

Fenner Says Acquisition By Michelin Expected To Take Effect On 31 May 2018
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Fenner Plc ::H1 PRETAX PROFIT 28.5 MILLION STG VERSUS 13.8 MILLION STG YEAR AGO.H1 REVENUE ROSE 15 PERCENT TO 354.1 MILLION STG.INTERIM DIVIDEND 2.1 PENCEPER SHARE.ACQUISITION OF FENNER PLC BY MICHELIN IS EXPECTED TO TAKE EFFECT ON 31 MAY 2018.  Full Article

Michelin Completes USD 600 Mln Non-Dilutive Convertible 2023 Bonds Issue
Friday, 5 Jan 2018 

Jan 5 (Reuters) - MICHELIN ::‍MICHELIN SUCCESSFULLY PLACES USD 600 MILLION NON-DILUTIVE CASH-SETTLED CONVERTIBLE BONDS DUE 2023​.REG-MICHELIN : SUCCESSFUL NON-DILUTIVE CONVERTIBLE 2023 BONDS ISSUE OF MICHELIN.USD-DENOMINATED DEBT WAS IMMEDIATELY CONVERTED INTO EUROS.‍BONDS WILL BE ISSUED AT AN ISSUE PRICE OF 95.50% OF THEIR NOMINAL VALUE ON JAN 10, EXPECTED SETTLEMENT DATE​.‍BONDS WILL HAVE A NOMINAL VALUE OF USD 200,000 PER BOND​.BONDS WILL NOT BEAR INTEREST AND WILL BE REDEEMED AT PAR ON NOVEMBER 10, 2023.‍BONDS HAVE BEEN OFFERED VIA AN ACCELERATED BOOKBUILDING PROCESS.CONSIDERING OFFERING, CO AGREED TO A LOCK-UP UNDERTAKING IN RELATION TO ITS SHARES AND EQUITY-LINKED SECURITIES.LOCK-UP FOR A PERIOD ENDING 60 CALENDAR DAYS AFTER SETTLEMENT AND DELIVERY DATE.  Full Article

Michelin's Non-Dilutive Convertible Bonds Offering Will Price At 95.5% - Bookrunner
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Michelin's Bookrunner::SAYS NON-DILUTIVE CONVERTIBLE BONDS OFFERING DEAL WILL PRICE AT 95.5% ON EXTENDED SIZE $600 MILLION; BOOKS CLOSE AT 11AM UK TIME.  Full Article

Michelin's Bond Offering Books Are Covered On Full Deal Size Of $600 Mln - Bookrunner
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Michelin's bookrunner ::SAYS NON-DILUTIVE CONVERTIBLE BOND OFFERING BOOKS ARE COVERED ON FULL DEAL SIZE OF $600 MILLION.  Full Article

‍Michelin Launches An Offering Of Non-Dilutive Cash-Settled Convertible Bonds Due 2023 For $500 Million
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Michelin ::‍MICHELIN LAUNCHES AN OFFERING OF NON-DILUTIVE CASH-SETTLED CONVERTIBLE BONDS DUE 2023 FOR $500 MILLION.MICHELIN SAYS OFFERING MAY BE INCREASED UP TO $600 MILLION IF THE INCREASE OPTION IS EXERCISED IN FULL.MICHELIN WILL PURCHASE CASH-SETTLED CALL OPTIONS TO HEDGE ITS ECONOMIC EXPOSURE TO POTENTIAL EXERCISE OF THE CONVERSION RIGHTS EMBEDDED IN THE BONDS .MICHELIN SAYS THE BONDS WILL NOT RESULT IN THE ISSUANCE OF NEW SHARES OR THE DELIVERY OF EXISTING SHARES OF MICHELIN UPON CONVERSION .MICHELIN INTENDS TO USE THE NET PROCEEDS OF THE ISSUANCE OF THE BONDS FOR GENERAL CORPORATE PURPOSES, INCLUDING PURCHASE OF CASH-SETTLED CALL OPTIONS .  Full Article

‍Michelin, Sumitomo to combine North American replacement tire distribution in 50-50 joint venture​
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Michelin ::‍MICHELIN NORTH AMERICA INC. (MNAI) AND SUMITOMO CORPORATION OF AMERICAS (SCOA) TO COMBINE THEIR RESPECTIVE NORTH AMERICAN REPLACEMENT TIRE DISTRIBUTION AND RELATED SERVICE OPERATIONS IN A 50-50 JOINT VENTURE​.‍MICHELIN AND SUMITOMO CORPORATION TO CREATE SECOND-LARGEST PLAYER IN THE WHOLESALE TIRE MARKET IN THE UNITED STATES.BASED UPON THE ENTERPRISE VALUE OF EACH BUSINESS ($160M FOR TCI WHOLESALE AND $1,520M FOR TBC), MICHELIN WOULD CONTRIBUTE A CASH PAYMENT OF $630 MILLION TO SCOA AND TCI WHOLESALE TO EQUALIZE OWNERSHIP IN THE JV..  Full Article

Michelin Group Appoints New Leadership Team for North America
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Michelin::MICHELIN SAYS HAS NAMED SCOTT CLARK AS NEXT CHAIRMAN AND PRESIDENT OF MICHELIN NORTH AMERICA, EFFECTIVE JAN 1, 2018.  Full Article

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