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Titan repurchases 8 million shares

Author: Chris Anthony Comments: 0
Titan’s LSW low sidewall technology features a hybrid of wheel and tyre technologies, enabling larger rim diameters and smaller sidewalls than a standard tyres (Photo: Titan)

Titan International Inc. reports that it has repurchased 8.0 million shares from MHR Fund Management. Titan bough back the stock for a total of $57.6 million ($7.20 per share) in cash. MHR Fund Management is led by Mark Rachesky, who has been a member of Titan International Inc’s board of directors since 2014.

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