BRIEF-Michelin Says Agreed To Buy UK's Fenner In A 1.2 Bln Pound Deal

March 19 (Reuters) - Michelin:

* CIE GEN ETA.MICHELIN - OFFER FOR FENNER PLC

* RECOMMENDED CASH ACQUISITION OF FENNER PLC BY COMPAGNIEGÉNÉRALEDES ÉTABLISSEMENTS MICHELIN SCA

* EACH SCHEME SHAREHOLDER WILL RECEIVE 610 PENCE IN CASH FOREACHFENNER SHARE

* ?FENNER SHAREHOLDERS WILL BE ENTITLED TO RECEIVE , RETAINAPROPOSED INTERIM DIVIDEND OF NO MORE THAN 2.1 PENCE PER FENNERSHARE TO BE DECLARED ON APRIL 25?

* ?PRICE OF 610 PENCE PER FENNER SHARE REPRESENTS A PREMIUMOF30.7 PER CENT. TO FENNER'S SHARE PRICE OF 467 PENCE AT CLOSE OFBUSINESS ON 16 MARCH ?

* ?DIRECTORS OF FENNER CONSIDER TERMS OF ACQUISITION TO BEFAIRAND REASONABLE?

* ?FENNER DIRECTORS INTEND TO RECOMMEND UNANIMOUSLY THATFENNERSHAREHOLDERS VOTE IN FAVOUR OF SCHEME AT COURT MEETING?

* ?HAS RECEIVED IRREVOCABLE UNDERTAKINGS TO VOTE IN FAVOUROFSCHEME FROM 0.45 PER CENT. OF EXISTING ISSUED ORDINARY SHARECAPITAL OF FENNER?Source text for Eikon:Further company coverage:(Reuters.Briefs@thomsonreuters.com)