Titan International Inc. has filed a preliminary proxy statement regarding a special meeting of Titan stockholders to approve the issuance of up to 9 million shares of the company’s common stock in connection with a proposed offer to purchase up to all of the outstanding ordinary shares of Titan Europe Plc.
Before the offer may be made, Titan says, stockholders would need to approve the issuance of up to 9 million shares of the company’s common stock to acquire Titan Europe.
The making of the proposed offer would also be subject to various approvals and pre-conditions. There can be no assurance that all conditions would be met and that the proposed offer would be made, or that it would be successful if made, the company notes.
This proxy is preliminary and is subject to approval by the Securities and Exchange Commission before a definitive proxy could be issued and the special Titan stockholder meeting arrangements would be made.