"Michelin" from Bloomberg Businessweek

"A surprise share sale"

"The world's No.2 tiremaker on Sept. 28 announced a $1.6 billion share sale to finance its global expansion."

"Proceeds from the rights issue will be used to fund construction of new factories in emerging markets, such as India, Brazil, and China, where tire sales are growing by an average 9 percent a year, compared with 2 percent in mature markets such as Europe and the U.S."