Michelin makes further call for Stomil Olsztyn shares

France's Michelin, the majority owner of domestic tire producer Stomil Olsztyn, has issued yet another call for shares. The French concern is offering zł. 46.50 per share, an offer similar to the one made in a call in April. The investor wants to obtain 100% of Stomil's stock and withdraw it from the stock exchange. At present Michelin holds 26.94 million shares in the company, giving it 98.99% of Stomil's capital and the same percentage of votes at the shareholders' meeting. Michelin should not have a problem purchasing the remaining shares and the purchase will probably terminate the Olsztyn-based company's career on the stock market. "The price is satisfactory. If somebody abstains from selling he would have to take into account the possibility that Michelin will take advantage of its right to a forced purchase of shares after withdrawing the company from the stock exchange," stressed an expert. (Puls Biznesu, p. 7) A.C.