Titan gets acceptance for 87% of Titan Europe
Titan International Inc. says it has received valid acceptances for 87.24% of the offer in respect of Titan Europe plc shares.
Titan says all remaining conditions to the offer, as set out in the offer document, have been satisfied and that the offer is now unconditional in all respects.
The offer will remain open for acceptance until Oct. 19, 2012, being 14 days after the date on which the offer has been declared unconditional as to acceptances.
On or around this date, the new Titan International shares issued in consideration of the offer will begin trading on the New York Stock Exchange.
The related prospectus, offer documents and offer acceptance declaration are available at www.titan-intl.com.
Titan International Inc. is a holding company that owns subsidiaries that primarily supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.
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