Titan International proposing all-share offer for Titan Europe

qiangzi

Friday, July 27, 2012
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Quincy, IL - Titan International announced it has approached the board of Titan Europe which may or may not lead to an offer being made for the whole of the issued share capital of Titan Europe. There can be no certainty that a formal offer will be made for Titan Europe or the terms on which such an offer may be made. As a result of certain of the directors of Titan Europe being directors of Titan Inc., an independent committee of the board of Titan Europe has been formed for the purposes of considering any possible offer. Titan Inc. is proposing an indicative all-share offer for Titan Europe of one Titan Inc. common share per 11 Titan Europe ordinary shares subject to certain conditions. Included with this press release is the amended 2.4 announcement submitted to the London Stock Exchange.