Michelin Completes The Acquisition of Fenner PLC

Michelin Completes The Acquisition of Fenner PLC

On March 19, 2018, Compagnie Générale des Établissements Michelin (Michelin) and Fenner PLC (Fenner) announced that they had reached an agreement on the terms of a recommended cash acquisition pursuant to which Michelin would acquire the entire issued and to be issued share capital of Fenner by means of a court-sanctioned scheme of arrangement under Part 26 of the United Kingdom’s Companies Act 2006 (the Scheme). 

Read the Full Announcement Here