Titan International proposes £115 million all-share offer for Titan Europe
Titan International is proposing an all-share offer for Titan Europe valued at more than £115 million. The deal amounts to one Titan International common share per 11 Titan Europe ordinary shares. According to the convoluted language of the official statement disclosing the proposed offer, Titan International is after not less than 51 per cent of Titan Europe shares and 51 per cent of its voting rights. The company already holds 21.67 per cent.