Titan International repurchases 8M shares (11% outstanding) from MHR Funds for $57.6M

TITAN INTERNATIONAL INC

Purchased 8,005,000 shares at $7.20 each for aggregate $57,636,000; shares added to treasury.
Repurchase funded by $45M draw on existing credit facility and cash on hand; $39M availability remains.
Director Mark Rachesky recused from board and audit committee approval; MHR observer rights terminated.
Company had ~$225M cash and net debt/EBITDA of 1.9x prior to transaction, per CEO Paul Reitz.
Chairman cites strong future with LSW tire adoption and potential US Army contract for 100,000 trucks.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.