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Polish Move By Michelin

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Michelin is moving to buy out minority shareholders in Polish tyre manufacturer Stomil Olsztyn with whom it was involved in a dispute. There are no plans to call a public bid for shares. Speculation in local press is that Michelin would like to offer around 29 zlotys per Stomil share – a 20% premium on Wednesdays’ closing price.

Related news:

  1. Racing fever in Germany now – Michelin Goes Formula One
  2. “Michelin – The BMW Of The Tyre Industry”
  3. Strong Results From Stomil
  4. Continental Shares Go Against Trend
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