Titan International to sell ITM undercarriage unit to USCO for $207M, up to ~$285M total cash value

TITAN INTERNATIONAL INC

Titan will receive $207M initial cash plus up to $6M earnout based on ITM's 2026 performance criteria; price subject to working capital, cash and debt adjustments.
Total cash value up to ~$285M including ~$23M expected net asset adjustment and $49M of ITM dividends ($38M already received, $11M expected before closing).
Transaction expected to close in January 2027, subject to antitrust and foreign direct investment approvals; Titan agrees to a five-year non-compete in undercarriage components.
Max Narancich resigned as Chief Operating Officer - Titan Specialty effective October 9, 2026, not due to any disagreement; duties assumed by existing management.
Proceeds earmarked to reduce debt; affiliates of One Equity Partners hold a minority stake in USCO and director Richard Cashin abstained from board deliberations.

This headline and bullets were generated automatically by deepseek-v4.1-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.