Titan Purchase Committee Member Named

(Akron/Tire Review) In its third quarter financial results, Titan International released the names of those who are serving on its special committee to conduct sale negotiations with One Equity Partners.

Titan received an $18 per share offer from One Equity Partner on 11 October. The special committee of the Board of Directors of Titan was formed to pursue discussions with One Equity. That committee includes Erwin Billig, Edward Campbell and Albert Febbo, none of whom are participating with One Equity in the cash purchase offer.

Those siding with ne Equity on the deal include Taylor and board member Richard Cashin, who is One Equity Partners’ managing partner, as well as board members Mitchell Quain and Anthony Soave.