Titan International Adopts $50M Stock Buyback Plan

Titan International Inc TWI Board of Directors authorized a share repurchase program for up to $50 million of shares.

• The approval will take effect immediately and remain in place for up to three years.
• The company will repurchase shares from time to time in accordance with applicable securities laws in the open market and/or in privately negotiated transactions.
• A committee of the company's Board of Directors, comprised of Maurice M. Taylor Jr., Paul G. Reitz, and Mark H. Rachesky, has been appointed to supervise the share repurchase program.
• Titan manufactures off-highway wheels, tires, assemblies, and undercarriage products.
• The company held $116.5 million in cash and equivalents as of September 30, 2022.
• Price Action: TWI shares are trading higher by 4.80% at $13.86 on the last check Friday.
• Photo Via Company