Michelin CGDEB (EU:ML)
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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.
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(END) Dow Jones Newswires
July 12, 2018 03:46 ET (07:46 GMT)
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