Michelin swoops for listed manufacturer in £1.2bn deal

Listed manufacturer Fenner, based in Hessle, is set to be acquired by Michelin in a £1.2bn deal.

Fenner announced that the firm had reached agreement on the terms of a recommended cash acquisition for the share capital of Fenner to be acquired by Michelin.

Vanda Murray, chair of Fenner, said: "Fenner has successfully established itself as a world leader in reinforced polymer technology and the Board remains confident that Fenner's existing strategy would deliver significant valu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...