ENXTPA:MLAuto Components
Michelin Buyback Plan And Valuation Gap Put Focus On Shareholders
Michelin has approved a share buyback program of up to €750 million.
The company has signed agreements with three Investment Services Providers to repurchase shares between March and November 2026.
All shares repurchased under this program are expected to be cancelled, affecting the total number of shares outstanding.
For investors watching Compagnie Générale des Établissements Michelin Société en commandite par actions (ENXTPA:ML), the new buyback program comes at a time when the stock...