TITAN International Inc.’s Titan Europe subsidiary, which owns an estimated 37% stake in Wheels of India, is offering to buy out the remaining outstanding non-family-owned shares equal to 14% of the company.
Titan’s offer to acquire the fully paid up equity shares of Wheels of India is required under the Laws of India. The offer’s overall impact of the offer is immaterial to Titan International.
Meanwhile, the offer is scheduled to close on March 12, 2013. (RJA)
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