Titan Announces Shareholder Offer
Titan International, Inc. announced on February 21 that it has commenced an offer to the holders of its 5.25 per cent senior convertible notes that are due in 2009 to convert their notes into Titan’s common stock at an increased conversion rate. This offer is scheduled to expire at 5 p.m. New York City time on March 20, 2007, unless extended or terminated. As of February 20, 2007, there were US$81.2 million principal amount of convertible notes outstanding.