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In page Goodrich Corporation:
"Also in 1988, Michelin Group, a subsidiary of the French tire company Michelin et Cie (Euronext: ML) proposed to acquire the Uniroyal Goodrich Tire Company and took actions towards acquiring a stake.[1] By May 1990, Michelin Group had completed its buyout of Uniroyal Goodrich Tire Company from Clayton & Dubilier of New York. The deal was valued at about US$1.5 billion.[10] B.F. Goodrich surrendered its 7% warrant to Michelin Group, and received $32.5 million additional revenue from the sale.[6]
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