Tag: shares

Conti boosts Pyrolyx share price

12th November 2019 | 0 Comments

Pyrolyx AG shares gained 6 per cent in Australian trading after the company announced it has entered a rCB supply deal with Continental AG, according to Nasdaq.

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Michelin to purchase additional SIPH shareholding

16th October 2019 | 0 Comments

Michelin intends to acquire all shares in Société Internationale de Plantations d’Hévéas (SIPH) not already owned by itself or Ivory Coast-based company SIFCA. It is launching a public buyout offer on 7 November, offering 85 euros per share. This buyout offer is being made exclusively in France and will be followed by a squeeze out.

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Titan International sells Wheels India share

8th October 2019 | 0 Comments

Titan International, Inc. has reduced its shareholding in steel wheel manufacturer Wheels India Limited. It sold, via a wholly-owned subsidiary, a 10.4 per cent stake in Wheels India on 3 October, thereby dropping its share in the company from 34.2 to 23.8 per cent. Titan International intends to use the net proceeds of approximately US$19 million received from the transaction to pay down outstanding indebtedness.

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Camfin gains right to buy up to 15% of Pirelli shares

Camfin gains right to buy up to 15% of Pirelli shares

27th September 2019 | 0 Comments

Pirelli shareholder Camfin now has the right to buy up to 15 per cent of Pirelli shares. The news came when Camfin announced on 26 September that it had underwritten “an additional financial instrument, maturing in September 2022, denominated ‘Call Spread’ with 8.9 million Pirelli shares underlying”. Call Spread’s shareholding equates to 0.89% of Pirelli’s share capital.

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Report: Yokohama has signed ‘no shop contract’ with Prometeon

19th September 2019 | 0 Comments

Rubber industry news sources have confirmed earlier reports that Yokohama Rubber is in acquisition talks with Prometeon.

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Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon

Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon

17th September 2019 | 0 Comments

Japanese tyre and rubber manufacturer Yokohama is planning to invest into and even buy Prometeon, the new name for the former Pirelli commercial and industrial tyre manufacturing operation, according to a range of sources. Tyres & Accessories first heard this news in July and then the Italian financial press subsequently suggested that Prometeon’s shareholders were considering restructuring Prometeon’s ownership. Yokohama is understood to be leading the suitors. The official Yokohama/Prometeon investment announcement is expected during the course of the next week or so.

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Transense confirms Bridgestone cooperation

19th August 2019 | 0 Comments

In February, TPMS and sensor-maker Transense announced it had received an order for 50 of its iTrack II tyre monitoring systems for installation in mines in North America. On Tuesday 13 August the company confirmed that Bridgestone is the cooperation partner.

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JK Tyre now 26% shareholder in Treel Mobility Solutions

JK Tyre now 26% shareholder in Treel Mobility Solutions

13th August 2019 | 0 Comments

In June and July, J.K. Organisation company JK Credit & Finance acquired 50.003 per cent equity shares in Indian start-up Treel Mobility Solutions Pvt. Ltd. JK Tyre & Industries has now obtained 26 per cent equity in the smart tyre system specialist from its group sibling and rebranded Treel as a ‘JK Tyre Product’. JK Tyre paid Rs 59.8 million for its 26 per cent share in Treel; JK Credit & Finance continues to hold 24.003 per cent in the company.

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Arconic repurchasing $200M in common stock

6th August 2019 | 0 Comments

Arconic Inc., parent company of Alcoa Wheels, today announced it has entered into an accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. LLC to repurchase US$200 million of Arconic’s common stock, pursuant to the share repurchase programme previously authorised by the company’s Board of Directors.

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Univergomma acquires Overgom

Univergomma acquires Overgom

31st July 2019 | 0 Comments

Univergomma recently completed the acquisition of 100 per cent of Overgom’s shares. Overgom, founded in 1977 by Arenzo Girardi as a regional wholesaler, has grown over the years to become a leading tyre distributor in Italy and abroad.

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TomTom shareholders set for 750 million-euro windfall

16th May 2019 | 0 Comments

TomTom is set to return roughly 750 million euros to its shareholders after the sale of TomTom Telematics to Bridgestone for 910 million euros closed in April 2019. According to the company, TomTom will return the money on 27 May, through a consolidation of shares. Telecom Paper reported that for every 16 shares, nine will remain, resulting in the repayment of 5.74 euros per remaining share. This is said to be equivalent to 3.22 euros per share, based on the number of outstanding shares before consolidation.

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Michelin announces 500 million euro share buyback plan

Michelin announces 500 million euro share buyback plan

9th April 2019 | 0 Comments

At an investor day held at the Michelin Group’s Almeria Test Center in Spain, managing general partner Florent Menegaux announced the launch of a new share buyback plan. Michelin is setting aside up to 500 million euros for this purpose between 2019 and 2023.

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Titan International to repurchase up to $25 million in shares

1st April 2019 | 0 Comments

The Board of Directors at Titan International, Inc. has authorised a share repurchase programme that allows up to US$25 million to be spent buying back the company’s common stock. A committee of directors – Maurice M. Taylor Jr., Paul G. Reitz and Mark H. Rachesky – has been appointed to supervise the repurchase programme.

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Kumho delisting from London Stock Exchange

18th March 2019 | 0 Comments

Kumho Tire plans to delist its shares from the London Stock Exchange (LSE) at the end of April 2019, according to South Korean company filings.

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Bridgestone buying back up to 14 million shares

15th February 2019 | 0 Comments

Bridgestone is set to buy back as many as 12 million of its shares at a fixed price of 4,195 yen per share, based on the closing price at the time of the announcement.

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