Key Developments: Titan International Inc (TWI.N)

TWI.N on New York Stock Exchange

10.69USD
19 Dec 2014
Price Change (% chg)

$0.36 (+3.48%)
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Latest Key Developments (Source: Significant Developments)

Titan International Inc announces fourth quarter cash dividend
Friday, 12 Dec 2014 04:01pm EST 

Titan International Inc:Approved quarterly cash dividend of $.005 per common share for fourth quarter of 2014.Cash dividend is payable Jan. 15, 2015 to stockholders of record on Dec. 31, 2014.  Full Article

Titan International Inc announces third quarter cash dividend
Friday, 12 Sep 2014 10:20am EDT 

Titan International Inc:Approves a quarterly cash dividend of $.005 (one half cent) per common share for the third quarter of 2014.Payable on Oct. 15, to stockholders of record on Sept. 30.  Full Article

Titan International Inc announces second quarter cash dividend
Monday, 9 Jun 2014 05:00pm EDT 

Titan International Inc:Declares quarterly cash dividend of $.005 per common share for second quarter of 2014.Payable Tuesday, July 15, 2014, to stockholders of record on Monday, June 30, 2014.  Full Article

Titan International Inc announces first quarter cash dividend
Friday, 14 Mar 2014 02:40pm EDT 

Titan International Inc:Approves a quarterly cash dividend of $.005 per common share for the first quarter of 2014.Cash dividend is payable April 15, 2014, to stockholders of record on March 31, 2014.  Full Article

Titan International Inc appoints new CFO and President
Tuesday, 28 Jan 2014 09:00am EST 

Titan International Inc:Approves the promotion of Paul Reitz from his current position as Chief Financial Officer (CFO) of the company to the open position of President of Titan International, Inc. as of Feb. 3.Approves the appointment of Mr. John Hrudicka as Chief Financial Officer of Titan International.  Full Article

Titan International Inc announces fourth quarter cash dividend
Monday, 9 Dec 2013 06:21pm EST 

Titan International Inc:Says that it has approved a quarterly cash dividend of $.005 per common share for the fourth quarter of 2013.Says the cash dividend is payable Jan. 15, 2014, to stockholders of record on Dec. 31.  Full Article

Titan International Inc gives FY 2014 guidance above analysts' estimates
Monday, 25 Nov 2013 12:00pm EST 

Titan International Inc:Says FY 2014 revenue goal set at $2.4 to $2.7 billion, assuming no further acquisitions.Says FY 2014 EBITDA goals of $240 million to $270 million.FY 2014 revenue of $2.3 billion and EBITDA of $222 million - Thomson Reuters I/B/E/S Estimates.  Full Article

Titan International Inc To Buy Part Of French Goodyear Plant-Reuters
Friday, 25 Oct 2013 06:42am EDT 

Reuters reported that Titan International Inc still wants to buy part of The Goodyear Tire & Rubber Co plant in northern France that has been earmarked for closure, provided that unions agree, Titan's CEO said in a radio interview. It belongs to Goodyear France, a subsidiary of U.S. firm Goodyear which wants to close the plant because it says the road tyres business is unprofitable.  Full Article

Titan International Inc Closes Private Placement of Senior Secured Notes due 2020
Monday, 7 Oct 2013 03:54pm EDT 

Titan International Inc announced the closing of its offering of $400 million aggregate principal amount of 6.875% Senior Secured Notes due 2020 (the Notes). Titan intends to use the net proceeds from the offering to finance the purchase of the Company`s 7.875% Senior Secured Notes due 2017 (the 2017 Notes) validly tendered pursuant to a tender offer and consent solicitation which it commenced on September 23, 2013, and to pay all consent payments, accrued interest, costs and expenses associated therewith. Titan intends to use any remaining net proceeds from the offering of the Notes for general corporate purposes, which may include repayment of other existing obligations (including the redemption, repurchase or other retirement of any remaining 2017 Notes) and financing potential future acquisitions.  Full Article

Titan International Inc Becomes Managing Partner In Voltayr-prom OAO
Friday, 4 Oct 2013 11:55am EDT 

Titan International Inc (Titan) announced that in partnership with One Equity Partners (OEP) and the Russian Direct Investment Fund (RDIF) it has closed the acquisition of a majority interest in Voltayr-prom OAO (Voltyre-Prom), a producer of agricultural and industrial tires in Volgograd, Russia, from the principal owner, Cordiant, for approximately $94 million which includes the assumption of debt, subject to various post closing adjustments over a period of three years. Titan International will act as managing partner for the consortium. The acquisition complements Titan's global strategy expanding its footprint into Russia. Voltyre-Prom held a 43% market share in agriculture tires and 16% market share in industrial tires in Russia in 2012. Voltyre-Prom annual revenue in 2012 was approximately $200 million.  Full Article

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