Michelin in Exclusive Talks to Buy Offroad Tire Maker Camso
July 12 2018 - 3:01AM
Dow Jones News
By Nathan Allen
Compagnie Generale des Etablissements Michelin (ML.FR) said
Thursday that it is in exclusive talks regarding a potential
takeover of Canadian offroad tire maker Camso.
Michelin said it was holding discussions with Camso's main
shareholders with a view to acquiring its entire share capital.
Privately held, Quebec-based Camso makes tires, tracks and track
systems for construction and agricultural machinery, dirt bikes,
snowmobiles and conveyor belts. It doesn't disclose financial
results but employs 7,500 people across 26 countries.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 12, 2018 03:46 ET (07:46 GMT)
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