Titan International To Discuss With American Industrial Partners To Increase Its Ownership in Company In Open Market Purchases.
Portfolio Pulse from Benzinga Newsdesk
Titan International, Inc. (NYSE:TWI) is in discussions with its largest shareholder, American Industrial Partners (AIP), to potentially amend their Stockholder Agreement. This amendment would allow AIP to increase its ownership of TWI common stock through open market purchases. AIP currently owns approximately 16.4% of TWI's outstanding shares.
May 29, 2024 | 8:54 pm
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Titan International is discussing with American Industrial Partners to amend their Stockholder Agreement, potentially allowing AIP to increase its ownership of TWI stock through open market purchases. AIP currently owns 16.4% of TWI's shares.
The potential amendment to the Stockholder Agreement allowing AIP to increase its ownership in TWI could be seen as a positive signal by the market, indicating confidence from a major shareholder. This could lead to a short-term increase in TWI's stock price.
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