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| Name | Symbol | Market | Type |
|---|---|---|---|
| Michelin Compagnie Generale Des Etablissements Michelin (PK) | USOTC:MGDDY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.06 | 16.90 | 17.20 | 0.00 | 12:33:13 |
From Feb 2020 to Feb 2025
By Max Bernhard
Compagnie Generale des Etablissements Michelin (ML.FR) said Monday that it will launch a capital increase as part of a new employee share-ownership plan.
The French automotive supplier will increase its capital up to a maximum of 600,000 shares at a subscription price at EUR82.31 ($95.66), translating to an increase of about EUR49.4 million.
The subscription price is equal to 80% the reference price, Michelin said.
Michelin shares closed at EUR103.10 on Friday.
Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard
(END) Dow Jones Newswires
September 17, 2018 10:36 ET (14:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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