Titan International buys back 4.03M restricted shares from RDIF equity holders for $25M

TITAN INTERNATIONAL INC

Entered Stock Purchase Agreement on Feb 1, 2022 to repurchase 4,032,259 restricted shares for $25 million.
Shares were issued in Dec 2021 to RDIF equity holders as part of a 2019 settlement; regulatory approval received Nov 2021.
Buyback price of $25M was fixed in the original 2019 agreement; transaction closed on Feb 1, 2022.

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