Michelin has filed a draft simplified cash public tender offer with the French securities regulator (Autorité des Marchés Financiers – AMF) through its 99.99 per cent-owned subsidiary Compagnie Financière Michelin SCmA (CFM), acting in concert with the Ivory Coast company SIFCA, to acquire the 1,042,324 shares in Société Internationale de Plantations d’Hévéas (SIPH) not currently held by the concert parties, at a price of €85 per SIPH share.