La resistance at Stomil Olsztyn is a surprise to Michelin

French tire-manufacturer Michelin has failed to push through its planned name change for Stomil Olsztyn, despite controlling over 70% of the company. It had wanted to change the name to Michelin Polska, but minority shareholders joined forces to give them the 25% threshold required to be able to block changes to Stomil's statute. They are opposing Michelin's plans because they want it to announce a public bid for the remaining shares, which would be priced considerably higher than the current stock-exchange listing of about zl. 27. (Puls Biznesu, page 10) T.J.