Titan Europe, a subsidiary of Titan International, Inc. (NYSE: TWI),
currently owns approximately 37% of Wheels of India. Pursuant to the
laws of India, Titan is required to make an offer to buy out the
remaining outstanding non-family owned shares which is equal to 14%.
Titan announces an Offer has been made to acquire these fully paid up
equity shares of Wheels of India. The overall impact of the Offer is
immaterial to Titan International. The Offer is scheduled to close on
March 12, 2013.
Titan International, Inc., a holding company, owns subsidiaries that
supply wheels, tires and assemblies for off-highway equipment used in
agricultural, earthmoving/construction and consumer (including all
terrain vehicles) applications. For more information, visit www.titan-intl.com.
Titan International, Inc. Krista Gray IR &
Treasury Manager (217) 221-4773